International Trade Blog
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The Final Border Target Operating Model
The UK government published a draft ‘Border Target Operating Model’ in April 2023, which is applicable to imports from all countries into Great Britain, including the EU. The Border Target Operating Model highlights the UK government’s approach to safety and security controls and sanitary and phytosanitary controls. The safety and security controls relate to all imports, whereas the sanitary and phytosanitary (SPS) controls relate to imports of live animals, animal products, plants and plant products.
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DCTS (Developing Countries Trading Scheme
The Developing Countries Trading Scheme (DCTS) came into force on 19 June 2023 and has now replaced the UK’s Generalised Scheme of Preferences (GSP).
The Department for Business and Trade has stated that following the end of the transition period and the resumption of an independent trade policy, the UK has an opportunity to develop a new scheme. The new scheme will be an opportunity for the United Kingdom to grow free and fair trade with developing countries, boosting the economy and supporting jobs in those countries, as well as in ours.
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Import & Export Documents
Having the correct documentation is vital when importing or exporting, as inappropriate or overlooked documentation can lead to shipping delays, increased costs and business risks, such as cancelled international commercial activities. Even if you’re using a freight forwarder, your company will still be held liable, as the exporter of the goods, for late or incorrect documentation.
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Advance Valuation Ruling Service
When importing goods into the UK, importers must work out the value of their goods to use when working out Customs Duty and import VAT. HM Revenue and Customs (HMRC) call this value the customs value. The customs value of goods is a key element in determining the amount of Customs Duty and taxes that will be payable. Import customs duties can be designated in either specific or ad valorem terms or as a mix of the two.
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UK Plastic Packaging Tax (PPT)
The new UK Plastic Packaging Tax (PPT) will come into force on 1 April 2022 and will be charged at a rate of £200 per tonne. The legislation is structured to incentivise the use of recycled material in the production of plastic packaging.
This measure will impact UK plastic packaging manufactures and importers of plastic packaging.