Guidance

A UK trade policy: a guide to trade legislation

Guide to the Trade Bill and the trade-related tax measures in the Taxation (Cross-border) Act 2018 that put in place the legal framework for an independent UK trade policy.

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The government has introduced the Trade Bill into Parliament to ensure that the UK is ready for when we leave the EU, providing continuity for individuals, businesses and international trading partners.

Additionally, the government also introduced the Taxation (Cross-border Trade) Act which, amongst other things, will allow the UK to set preferential or additional duties in certain circumstances. For example, preferential rates for developing countries (unilateral preferences) and additional duties relating to trade remedies following an independent investigation. This act received Royal Assent on 13 September 2018.

Published 8 January 2018
Last updated 3 December 2018 + show all updates
  1. Content updated to show current status of trade legislation and powers granted.
  2. First published.