23 December 2020
See below several pieces of key information that you should be aware of before the rules for trading with the EU and other countries change on 1 January 2021.
This includes new guidance for signed trade agreements that won’t be in force by 1 January, and a new tariff look-up tool, which went live last week.
Find out what tariffs you will be trading under
DIT has launched a new tariff look-up tool to enable traders to easily find the future tariffs that will apply from 1 January 2021.
Visit GOV.UK to find out what tariffs you will be trading under from January 2021.
Find a commodity code
Visit GOV.UK to find your 10-digit commodity code to classify your goods and look up duty rates, reliefs and quotas.
Trade agreements from January 2021
In under two years the UK has agreed trade deals with 58 countries that account for £198bn of UK bilateral trade.
To check if the UK has negotiated a trade agreement with the country you trade with and what this means for you, visit GOV.UK.
Trade agreements that won’t be in effect by 1 January 2021
There are some trade agreements we have signed that we do not expect to be fully in effect from 1 January 2021. Visit GOV.UK to read the latest guidance and find out what arrangements are in place.
With some negotiations more time is needed before a mutually beneficial trade agreement can be reached. Where this is the case, the UK Government has put in place the UK Global Tariff for imports, trade with other World Trade Organisation (WTO) members will take place on WTO terms, and trade with eligible developing countries will take place under the UK’s Generalised Scheme of Preferences (GSP).
Open General Export Licence
From January 2021, traders will need an export licence issued by the UK to export dual-use items from Great Britain to the EU or Channel Islands.
Read the guidance for exporting controlled goods from 1 January 2021
You can register now for an Open General Export Licence through SPIRE, the online export licensing system.
What else can I do to prepare for the end of the transition period?
If you do not act now you will not be able to trade with the EU and other countries from 1 January 2021.
Source: Department for International Trade
British Allied Trades Federation
Federation House
10 Vyse Street
Birmingham,
B18 6LT
Telephone: 0121 236 2657
Email: enquiries@batf.uk.com