Consultation description
We want to know what you think about proposed changes to the UK’s trade preference scheme. This is currently known as the UK Generalised Scheme of Preferences (GSP).
In particular, we want to hear your views on:
- rules of origin requirements for least developed countries (LDCs)
- reducing tariffs for low income and lower-middle income countries
- the approach to goods graduation, which suspends reduced rates on some goods
- the conditions and reporting requirements for low or lower-middle income countries
The new UK preferences scheme (the Developing Countries Trading Scheme) will take effect in 2022.
Source gov.uk
Latest Posts in "United Kingdom"
- Isle of Wight NHS Trust vs HMRC: VAT Exemption Dispute on Locum Medical Practitioners
- HMRC Guidance: How to correct VAT errors and make adjustments or claims (VAT Notice 700/45)
- Supreme Court Decision Mandates Prudential to Pay VAT on £9.3 Million Success Fees
- UK Supreme Court Rules on VAT Grouping and Time of Supply in Prudential Case
- High Court Rules in Favor of Hotelbeds UK on Input Tax Recovery Without VAT Invoices