Brexit update: Reviewing your duty deferment account

There are likely to be some important changes to the way import duties will be calculated from 2021.

If the UK has not secured a Free Trade Agreement with the EU by 31 December 2020, tariffs will be imposed when importing goods to the UK, including those shipped from the EU.

If you are a duty deferment account holder, we recommend that you review your account and consider changing your deferment limit if you expect increased charges. Note that you will not be able to use our own deferment account if your limit is reached or exceeded. The exact duties will be determined by the UK Global Tariff.

In addition, you may wish to register with for Postponed VAT Accounting (PVA) – which allows you to account for import taxes via monthly statements – or provide standing clearance instructions to our Customs teams. Both of these are likely to simplify the UK imports process in 2021. To register for PVA or to explore standing clearances, please contact us by email at imports@tudorfreight.com.

Share with

Industry Specific Guidance and Logistics Advice

Exhibitions and Events

When fast reactions and quick solutions are required, you can count on Tudor International Freight to provide a dedicated team and exceptional service to help make your event a resounding success.

Oil and Gas

We have been providing logistics services to the oil and gas industry for many years. Our specialist team have worked on many projects across the world and understand the demands of this sector more than most.

Chemicals

The chemical goods industry has experienced significant changes over recent years with a much larger emphasis being placed on logistics compliance and regulation. Tudor provide businesses with specialist chemical logistics advice and guidance.

Manufacturing

Tudor International Freight manage the supply chain movements of many large international manufacturing companies. Our team appreciate the complex issues and unique logistical challenges facing this sector.

Aerospace

Tudor International Freight provide a wide range of supply chain solutions to the aerospace sector. Our staff are familiar with industry terms and jargon – we understand and speak your language.