The Government has announced the launch of the Developing Countries Trading Scheme (DCTS) which will replace the current Generalised Scheme of Preferences (GSP) from early 2023. The Government has also published a report setting out its policy for the DCTS, including responses to a public consultation, in four areas: rules of origin, tariffs, goods graduation, and conditions.
Source Deloitte
Latest Posts in "United Kingdom"
- UK Supreme Court Rules Input VAT on Share Sale Professional Fees Irrecoverable for Holding Companies
- Isle of Man to Raise Plastic Packaging Tax Rate from April 2026
- Supreme Court Upholds VAT Restrictions on Share Sale Costs in Hotel La Tour Case
- UK VAT Gap Rises to £11.9bn in 2024/25, Up from £8.9bn Last Year
- Change in the VAT treatment of supplies of locum medical practitioners














