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0% inside safeguard quota · 25% once the quota is exhausted

On $50,000 of goods — assumed, put your invoice value in above.

Goods value (FOB)As entered

$50,000

Ocean freight, 40ftIndicative Ambarlı (Istanbul) → Felixstowe

$2,500

Customs duty0% inside safeguard quota · 25% once the quota is exhausted · UK commodity code 7214 20 00 00

$0

Import VAT20% of value plus freight plus duty

$10,500

Customs clearanceTypical agent fee per entry

$85

Port and handlingIndicative

$420

Payable

$63,505

Net once VAT returns

$53,005

98.2 $/dmtu

Iron ore, cfr spot · 2026-07 · +0.9% over twelve months

• Commercial invoice — Sellerbefore it sails
• Packing list — Sellerbefore it sails
• Bill of lading / CMR — Carrierbefore it sails
• GB EORI number — HMRC, held by the importerbefore it sails
• Customs declaration (CDS) — Customs agent
• Entry Summary Declaration (ENS) — Carrier or appointed filerbefore it sails
• EUR.1 movement certificate or origin declaration — Exporter, endorsed by Turkish customsbefore it sails
• Supplier declarations — Turkish suppliersbefore it sails
• VAT registration or postponed VAT accounting election — Importerbefore it sails
• C79 import VAT certificate — HMRC
• Mill test certificate — Producing millbefore it sails
• Quota claim on the customs declaration — Customs agent
• Embedded emissions data — Producing mill

• The 0% rate is not automatic — it is claimed, and it is auditable — The entire standard duty becomes payable — on textiles, that is 12% of the goods value, given away.
• Quota is first-come, first-served — and it runs out — A shipment that arrives days after the quota closes costs a quarter more than the one before it.
• No GB EORI, no import — Goods held at the port until the number is issued, accruing storage.
• ENS is filed before arrival, and the deadline depends on the mode — Penalties and a hold on arrival while the declaration is corrected.
• Origin is about where the goods were made, not where they were bought — Retrospective duty demand plus interest if HMRC disallows the claim on audit.
• Import VAT is charged on value plus freight plus duty, not on the goods alone — A cash-flow hit of roughly a fifth of the landed value on every shipment until it is reclaimed.
• UK CBAM applies to imported steel from 1 January 2027 — Suppliers who cannot evidence emissions become measurably more expensive from 2027.

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