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How to check if you can delay customs payments and declarations
If you’re a business that currently buys goods from or sells goods to countries outside the UK, or are planning to trade with Europe from January 2021, HMRC’s new tool can help you identify ways you might be able to make the customs process easier for cheaper for your business. This short video shows you how to use the tool.
How can a customs intermediary or agent help me?
If you’re a UK business thinking about moving goods into or out of the UK , this video is here to help you understand how customs intermediaries or agents can help you. For more information have a look at the guidance available on gov.uk.
What are commodity codes?
If you're buying or selling goods abroad, you need to work out the amount of duty or VAT you owe. This short video tells you how to find out the ‘commodity code’ classification for your goods, using our Trade Tariff tool. Find out more on GOV.UK
What are controlled goods?
You’ll need a licence to import or export certain types of controlled goods. You may also need to pay extra duty in the UK. Unsure if this applies to your goods? This short video explains more about the types of goods that are classed as controlled. Find out more on GOV.UK
Department for International Trade’s Autumn Statement settlement
Measures to boost UK exports and build upon trade policy expertise as we leave the EU were announced in the Chancellor’s Autumn Statement.
Key measures announced in the Autumn Statement yesterday (23 November) included:
- financial support for UK exporters will double through UK Export Finance ( UKEF)
- the Department for International Trade ( DIT) will receive £79.4 million to develop and deliver an independent international trade policy
UKEF, the UK’s export credit agency, will make it easier for UK businesses to break into overseas markets and export UK goods and services. This additional support through UKEF will ensure that no viable UK export should fail for lack of finance or insurance from the private sector.
The new measures will see UKEF’s total risk appetite double to £5 billion and the maximum cover limit for individual markets increase by up to 100%, potentially resulting in as much as £2.5 billion of additional capacity to support exports to some destinations. The number of pre-approved local currencies in which UKEF can offer support also increased from 10 to 40, enabling more overseas buyers of UK exports to buy British and pay in their own currency.
DIT will receive an additional £79.4 million over the Parliament funded from existing spending aggregates to build our capability and help support a smooth exit from the EU and negotiations for the best possible global trading arrangements for the UK.
As the UK moves towards leaving the EU, additional resource will be allocated to strengthen trade policy capability in DIT, in cooperation with the Foreign and Commonwealth Office (FCO), totalling £26 million a year by 2019 to 2020. This will ensure the department can build on the Trade Policy Group’s expertise and experience to operate and negotiate on the global stage.