On BBC news today, one of the headlines was "U.S. Government shut down". Might that effect the execution of tariff collection and if so, what will happen to imported goods such as items purchased from non U.S. sellers?
Rather than not collecting the tariff, the shipment of imported goods may just STOP until the agency reopens. However, since this particular work generates revenue (as opposed to much of government work that does not), this work may continue since it may be unaffected by a lack of government funding. Bottom line - who knows?
I would assume the shipping company would still collect the tariff and pay the agency when it reopens. There have been 8 US gov't shutdowns since I've been alive, and I know they've had some effects, but none that I ever noticed first-hand.
U.S. Customs and Border Protection tariff collections will continue during any government shutdown, the Department of Homeland Security said on Tuesday. The Department said in its shutdown contingency plan that all CBP revenue collections will continue, along with disaster payments by the...
Thanks for the replies and Brian for the answer to my question. I just had no idea as it is a novel situation for which there is no "equivalent" in the U.K.