Duty Suspensions & Autonomous Tariff Quotas

26 May 2023

 

Traders may not be aware that they can apply for duty suspensions and Autonomous Tariff Quotas. (ATQS) and that these applications, although temporary, could provide a reduction on certain commodity codes or tariffs. HMRC open windows for applying for suspensions and ATQs and the next opportunity is coming in June 2023.

Tariff reductions may be open to your goods and this year with the threshold of previous windows latterly set at £10000 removed as a criterion for rejection the benefits could be huge for your business.

This window will assess any application for a duty suspension on a case-by-case basis.

The last Duty Suspension and ATQ window opened on 1st June 2021 and closed on 31 July 2021.

BASIC UNDERSTANDING & REQUIREMENTS 

  1. Duty Suspension

Applications will not be considered in any application for any other duties that may be chargeable like VAT or trade remedies duty, such as anti-dumping duty.

  1. Quantities

Duty suspensions allow unlimited quantities to be imported into the UK at a reduced tariff rate.

  1. Autonomous Tariff Quotas

Autonomous Tariff Quotas (ATQs), allow limited quantities to be imported at a reduced rate.

  1. Qualified to Apply

Duty suspensions and ATQs are temporary but last for 2 years and can be used by any UK business while in force.

  1. Most ‘Most Favoured Nation’ (‘MFN’) basis

 Means that goods subject to these suspensions or quotas can be imported into the UK from any country or territory at the specified reduced tariff rate.

Want to know more?

Contact one of our specialists on 0845 034 7200 or email 

 

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