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The UK Global Tariff (UKGT) is a list of taxes that the UK charges on goods coming into the country from other nations. It replaced the old EU tariff system after the UK left the EU. These taxes vary depending on the type of goods being imported.
The UK global tariff aims to simplify things for businesses and make the tariff system clearer. Under the UK global tariff, businesses importing goods into the UK need to check the applicable tariffs for their products to understand the taxes they’ll need to pay. Uncover the details of the UK global tariff here.
Want to check the tariff rates for your imported goods? Find out here
Congratulations! This indicates that you have a well-established trade compliance procedure. Ongoing vigilance and expertise are necessary to achieve and maintain 100% compliance. Despite having comprehensive trade compliance knowledge, navigating the intricacies of import/export regulations can be difficult. Thus, consider getting assistance from industry leaders like iCustoms to serve as your reliable partner throughout the procedure.
Oh, that is alarming! Your answers show that you have some serious mishaps in your trade compliance policies. Reach out to iCustoms to cope with all the issues, whether it be unclear records, missing documents, or lack of established protocols, saving you from fines and penalties during an audit.
You’re halfway there! This figure demonstrates that you have the basic trade compliance procedures in place, but it still needs to be improved. iCustoms can assist you with clear agreements, easy documentation, HS code verification, or any other issue you may face.
Solid progress has been made! It is evident from your response that you have a stable grasp of important areas of compliance. However, there could be some other areas requiring additional attention, which may be internal audit procedures, anti-dumping duties, or others.