Claiming tariff quotas to reduce import duties

Source: HM Revenue & Customs | | 21/10/2021

Tariff quotas are a special mechanism for importing limited supplies of specific goods at a lower rate of customs duty than would normally apply. The quotas usually apply to imports from specific countries. Most tariff quotas operate on a first come first serve basis and when the quota runs out, the duty rate returns to normal.

There is no requirement to claim a tariff quota if there is a lower option or if the same rate of duty available under:

  • other preference arrangements
  • an import duty suspension

There are online tools available to check which goods are covered and a claim should ideally be made when the goods are entering free circulation. In certain circumstances it is possible to make a backdated claim up to 3 years after the goods have been imported but only if the tariff quota remains available. 

HMRC’s new guidance on claiming quotas states that they can be:

  • open - the quota is not expected to exhaust for some time and a lower rate of duty can be given automatically to any valid claim.
  • critical - the quota may be nearing exhaustion or there is no information to base a prediction of how quickly it will be used up.
  • quota exhausted - all claims will be rejected.


 

Latest News

Who needs to register for Self-Assessment
02/12/2021 - More...
There are a number of reasons why you might need to complete a Self-Assessment return. This includes if you are self-employed, a company director, have an annual income over

Carry-back charitable donations
02/12/2021 - More...
The Gift Aid scheme is available to all UK taxpayers. The charity or Community Amateur Sports Clubs (CASC) concerned can take your donation and, providing all the qualifying

Can you claim the Marriage Allowance?
02/12/2021 - More...
The marriage allowance came into force in 2015 and applies to married couples and those in a civil partnership where a spouse or civil partner doesn’t pay tax or doesn’t pay tax

Search


Newsletter

With our newsletter, you automatically receive our latest news by e-mail and get access to the archive including advanced search options!

» Sign up for the Newsletter
» Login