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You are here: Home1 / News2 / Company News3 / New UK Global Tariff sees tyre duty reduced from 4.5% to 4.0%

New UK Global Tariff sees tyre duty reduced from 4.5% to 4.0%

Date: 19th May 2020 Author: Chris Anthony Comments: 0
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The UK Department for International Trade has announced a new UK Global Tariff (UKGT). Announced on 19 May 2020, this replaces the EU’s Common External Tariff on 1 January 2021 at the end of the Brexit Transition Period. As it pertains to the tyre business, while there are various categories, the announcement basically means the new UKGT sees tyre duty reduced from 4.5% to 4.0%. Camel back rubber for use in retreading stays at 0%, while duties cushion industrial tyres are reduced to 2.0% from 2.5%.

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Brexit, CET, duty, featured, Free Trade, Free Trade Agreement, FTA, import duty, import tariffs, imports, tariffs, tax, UK, UKGT

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