A radical change to trade policy.
It is a sign of the times when announcing the biggest change in Britain’s trade policy for 45 years does not get top billing on the news, but that is what happened last week. Without a Brexit agreement importers will pay no tariff on 87 percent of the goods imported into the UK by value.
In an article for Tax Journal*, Olivier Sorgniard discusses the temporary tariff regime which will come into place in the case of a no-deal Brexit, and the impact of this regime. You may access the full article by clicking here.
* First published in Tax Journal on 15 March 2019. Reproduced with permission.
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