Statutory guidance: Reference Document for The Customs Tariff (Establishment) (EU Exit) Regulations 2020
RegCanary analysis of a HM Treasury publication
Why it matters
RegCanary's analysis of what this means for regulated firms.
Compliance teams must ensure they understand the UK's most favoured nation tariff rates as referenced in The Customs Tariff (Establishment) (EU Exit) Regulations 2020. This guidance affects firms that engage in cross-border transactions, particularly those in the banking and investment management sectors. To mitigate potential risks, firms should review their existing trade agreements and update their compliance procedures accordingly.
This may involve conducting a thorough risk assessment, updating trade documentation, and ensuring adequate training for staff. By taking proactive steps, firms can maintain their competitive edge and avoid potential penalties.
Who this affects
Sectors and firm types identified in the analysis.
- Payment Services
- Banking
- Investment Management
Source
HM Treasury
Original publication, 6 October 2026
Read the original publication gov.ukThis is RegCanary's analysis, not the regulator's text. It summarises and interprets the publication above; it is not the HM Treasury's original wording, and it is not legal advice. Always rely on the original source.