What is Customs Duty?
Customs Duty is a tax imposed on goods imported into the UK, it’s designed to regulate trade, protect domestic industries and generate Government revenue. The duty rate varies depending on the type of goods and their country of origin, GB importers can find the applicable rate for their goods on The UK Trade Tariff. In some cases importers can claim preferential rates of duty under trade agreements between the UK and other countries, provided they meet the required rules of origin.
Customs Duty is usually calculated as a percentage of the goods’ value but can also be based on other factors such as weight, quantity or sugar content. Some goods may also be subject to additional charges such as excise duty or anti-dumping duties.