British traders pay additional £600m in duties due to complex rules of origin in UK-EU trade deal
Institute of Export and International Trade
Monday, September 13, 2021
British traders paid an additional £600m in customs duties over the first half of 2021 due to complications arising from the rules of origin in the UK’s trade agreement with the EU – a deal which nominally removed tariffs for all goods. The complexity of the rules was highlighted in January by Marks and Spencer when it said imports of its much-loved Percy Pig sweets from Germany faced tariffs when being re-exported into the Republic of Ireland. According to the Guardian, analysis of HMRC data showed that businesses paid £2.2bn in customs duties compared with £1.6bn in the same six-month period last year. Around 2,000 food products were affected by rules of origin.Click here to connect to the source of this storyClick here for more News and Views
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