On 31st of March 2022, the Wise Persons on Challenges Facing the Customs Union (WPG) released its report on the future of the EU customs union. The WPG has been appointed by the Commissioner Gentiloni to reflect on the development of innovative ideas and concepts. This report aims to contribute to a general inter-institutional debate on the future of the customs union. With the complexification of supply chains, the digitisation of the economy and the…
The UK’s Plastic Packaging Tax (“PPT”) becomes effective on 1 April 2022 and applies to plastic packaging in the UK that contains less than 30% recycled plastic content at a rate of £200 per metric tonne. You can access our recent webinar on PPT here. The tax is aimed at encouraging the use of more sustainable plastic packaging, increasing the use of recycled plastic and helping to reduce plastic waste. The PPT has been promoted by…
Recently, the European Commission launched a survey on the overhaul of EU rules governing e-commerce transactions from third countries from a customs and taxation perspective. The survey address issues related to both customs, VAT and excise duties. The survey states that whilst digitalisation of the economy and the increasing role of e-commerce offers a great potential for consumers and traders, it also present challenges. In addition, COVID-19 has increased the level of e-commerce import volumes…
Baker McKenzie’s Global Compliance News Blog published “Global: 2022: International Trade Developments in a Challenging New World,” which can be viewed here.
The UK’s Plastic Packaging Tax (“PPT”) is due to take effect from 1 April 2022 and will be payable by manufacturers and importers of plastic packaging containing less than 30% recycled plastic content at a rate of £200 per metric tonne where certain thresholds are met. See our previous client alert on this topic here. According to the HM Revenue & Customs policy paper, the objective of the PPT is to “provide a clear economic…
REGISTER | CONTACT US | WEBSITE The webinar will begin at 08:00 am Chicago / 2:00 pm UK / 3:00 pm Madrid / 10:00 pm Hong Kong and is scheduled to run for up to 90 minutes. If you reside in a different time zone and wish to verify your time – please see timeanddate.com for the time in your location.We will use Zoom as the presenting platform for this webinar. To register, click on the Register button above and complete the form with your…
On 17 November 2021 the EU published a draft Regulation seeking to introduce new due diligence requirements aimed at tackling deforestation and forest degradation (see press release here). As set out in the proposal, deforestation and forest degradation impacts climate change and the loss of biodiversity and, as a consumer of commodities connected with this issue, the EU contributes to the problem. The proposal forms part of the EU Green Deal initiative and is intended…
On 31 October 2021, the EU and US issued a joint statement announcing that they had reached an agreement to end their dispute over steel and aluminium tariffs. This agreement removes the US “Section 232” tariffs on imports of EU steel and aluminium, imposed during the Trump administration, whilst the EU has agreed to suspend additional duties imposed on US goods in retaliation. Both sides have also agreed to suspend disputes initiated against each other at…
Baker McKenzie’s International Commercial & Trade Blog published “United Kingdom: Update on the UK Trade Remedies Regime”, which can be viewed here.
Baker McKenzie’s Global Supply Chain Compliance Blog published “Proposed EU Forced Labour Import Ban,” which can be viewed here.