UK officials admit some markets to be subject to duties under post-Brexit deal terms – FT

UK officials admit some markets to be subject to duties under post-Brexit deal terms – FT

An illuminated British flag is seen at 10 Downing Street on Brexit day in London, Britain January 31, 2020. REUTERS/Toby Melville

Companies in freeports in Britain will not get to enjoy the full benefits of the new tax-efficient zones if they are exporting to certain countries including Canada, Norway, Switzerland and Singapore, the Financial Times reported on Sunday, citing government officials.

Freeports are a special kind of port where normal tax and customs rules do not apply. Goods that arrive into freeports from abroad are not subject to tariffs that are normally paid to the…

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