May 29th, 2024
2 mins
The Department for Business and trade (DBT) have recently published updated guidance in relation to UK Trade Tariff duty suspensions and autonomous tariff quotas (ATQs).
Duty suspensions are designed to help UK and Crown Dependency (Guernsey, the Isle of Man and Jersey) businesses remain competitive in the global marketplace. They do this by suspending import duties on certain goods, normally those used in domestic production.
These suspensions do not apply to other duties that may be chargeable like VAT or trade remedies duty, such as anti-dumping duty.
Duty suspensions allow unlimited quantities to be imported into the UK at a reduced tariff rate. Autonomous tariff quotas (ATQs) allow limited quantities to be imported at a reduced rate.
The guidance has been updated to include a new 2024 tariff suspensions window, which runs until 3rd July 2024.
Further information can be found here
