[Global IDT Insights] US to Remove Tariffs on UK Aerospace Exports

Editorial Team – [2025] 176 taxmann.com 1 (Article)

Global IDT Insights provides a weekly snippet of tax news specifically related to Indirect Taxes from around the globe.

1. US to remove tariffs on UK aerospace exports under new trade deal

The United States and the United Kingdom have entered into a deal to enhance bilateral trade relations. As part of the agreement, the United States will eliminate all tariffs on UK aerospace exports, fostering tariff-free trade in civil aircraft products. This move aims to strengthen aerospace and aircraft manufacturing supply chains between both nations.

The deal also introduces reduced tariffs for up to 100,000 UK automobile imports annually and includes future tariff-rate quotas for UK steel and aluminium.

Source – Official News

2. Danish Tax Council clarifies that buyer liable for both VAT and chocolate tax on imports from EU

The Danish Tax Council (Skatterådet) has clarified that a company purchasing goods from a Danish supplier, but collecting them from a warehouse in another EU country under Free Carrier (FCA) terms, becomes liable for both Danish VAT and the chocolate tax upon importing the goods into Denmark.

This applies even if the supplier is Danish, as the buyer assumes responsibility for the transport and importation. Notably, Chocolate tax refers to a specific excise duty imposed by Denmark on certain sugar-containing products, including chocolate, confectionery, and other sweet goods.

Source – Official News

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