UK Global Tariff (UKGT) will replace the EU’s Common External Tariff on 1 January 2021

The Government has announced (19th May) the UK’s new Most Favoured Nation (MFN) tariff regime, the UK Global Tariff (UKGT). This will replace the EU’s Common External Tariff on 1 January 2021 at the end of the Transition Period for WTO transactions.