On the 8th October , government announced an update on the temporary tariff regime that will be applied in a no deal situation. Following discussion with trade the Government has included three relatively significant changes, which are:
- lower tariffs on HGVs entering the UK market, striking a better balance between the needs of British producers and the SMEs that make up the UK haulage industry, ensuring that crucial fleet replacement programmes that help to lower carbon emissions can continue
- adjust tariffs on bioethanol to retain support for UK producers, as the supply of this fuel is important to critical national infrastructure
- apply tariffs to additional clothing products to ensure the preferential access to the UK market currently available to developing countries (compared to other countries) is maintained
These 3 specific amendments to the tariff rates published in March aim to assist UK supply chains to continue to operate smoothly and keep prices down for consumers and ensure that we are fully prepared to leave the EU on 31 October whatever the circumstances.
The first change has been broadly welcomed by the haulage sector and will help control costs to some extent. The full Tariff can be viewed at https://www.gov.uk/government/news/temporary-tariff-regime-updated
