As of this week, HMRC have 89 everyday products that will be the subject of a tariff suspension for the next two years, which is aimed at boosting economic growth .
The government describe the products as ‘everyday summer essentials’ and the zero rates apply from 27th April 2025 until April 2027.
In a statement on the government’s website, it was announced that this action is expected to save traders around £17 million per year on specific commodity codes that fall under the product headings of pasta, fruit juice, coconut oil, pine nuts, spices, plywood, plastics and gardening products.
According to a UK government statement “The UK has already reduced tariffs on certain imported goods, benefitting British consumers with better choice, quality and prices on products like fruit juices from Peru and vacuum cleaners from Malaysia.
The Government is going further and faster in negotiating trade deals with partners including India, the Gulf Cooperation Council, South Korea and Switzerland which will unlock new opportunities for businesses, support jobs, and boost wages”.
To establish exactly what products will benefit from these temporary duty cuts, please follow the link HERE.
– Your MultiFreight Team




