Hand back import tariffs after Brexit, EU is urged - News Summed Up

Hand back import tariffs after Brexit, EU is urged


Under WTO rules, Ireland would keep only 20 per cent of the tariffs charged on imports from the UK Simon Dawson/BloombergThe European Union should return taxes that it raises on imports into Ireland after Brexit to help the most vulnerable parts of the economy, a leading accountancy body has said. If the UK crashes out of the bloc next month without a deal, then trade between the UK and EU will revert to World Trade Organisation rules. That would impose tariffs of up to 60 per cent on agri-products and other goods traded between Ireland and the UK. The Association of Chartered Certified Accountants has called on the European Commission to waive the 80 per cent levy it would charge on these tariffs and to release the revenues to the Irish government. It has said that this should be part of a far-reaching economic support…


Source: The Times February 12, 2019 00:00 UTC



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