General

Plastic Packaging Tax

Effective
1 April 2022

Initial guidance to help businesses prepare for the new Plastic Packaging Tax is now available on GOV.UK. The guidance provides a high-level overview of the tax and is designed to help manufacturers and importers of plastic packaging, and businesses that buy plastic packaging (or goods contained in plastic packaging), understand If they will need to register for the tax, what records they will need to keep and what steps they will need to take to begin preparing for the introduction of the tax in April 2022.

UK customs and trade laws

Effective
1 January 2021

From 1 January 2021, new UK Customs laws replaced the current EU legislation for customs and international trade. The key Act is the Taxation (Cross-border Trade) Act 2018 which replaced the EU Union Customs Code (UCC). Below are some of the main regulations which have been created to support these changes.

HS 2020 — new changes to the Global Tariff System

Effective
1 January 2021

From 1 January 2022 a new version of the Harmonised Coding System for goods (HS Codes) will be come into force.

Great Britain-Northern Ireland protocol

Effective
1 January 2021

Though Northern Ireland remains part of the UK to ensure frictionless trade between Northern Ireland and the Republic of Ireland on exit from the EU implementation period, goods moving between Great Britain and Northern Ireland required additional documentation and controls.

EU exit update

Effective
1 January 2021

GB (England, Scotland and Wales) left the Customs Union of the EU in on 31 December 2020 though, under the Northern Ireland Protocol Northern Ireland (NI) remained covered by EU Customs Regulations.

UK trade agreements — Australia and New Zealand

Effective
To be confirmed

The UK is negotiating the following Trade Agreements.

UK trade agreements — Comprehensive and Progressive Agreement for Trans-Pacific Partnership

Effective
To be confirmed

On 2 June 2021, the CPTPP nations, made up of 11 countries (Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam), covering 500 million people, agreed that the United Kingdom's accession process to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership can now begin. A post-Brexit UK is increasingly looking to strengthen its trade ties with Asia and joining the CPTPP is aligned with that strategy. The UK will continue to work closely with Japan, as this year’s chair of the CPTPP commission, alongside the other CPTPP nations to progress negotiations as quickly as possible.

Digital services tax (DST)

Effective
To be confirmed

Countries across the world are rapidly extending the indirect taxes Value Added Tax (VAT) and Goods and Services Tax (GST) to the sale of electronic and digital services.