Portuguese Lighting Network Issue 9 | Page 29

the Customs Union, which is essentially characterized by the free movement of goods and the adoption of a trade policy third countries.

In addition to the existence of a single customs territory, the Customs Union implies the adoption of the same legislation in this area - Community Customs Code (CAC) - which lays down the general rules and procedures concerning imports and exports of goods between the European Union and as well as the application of equal customs duties to products from outside the Community - Common External Tariff (CET) / TARIC - Integrated Community Tariff.

The general rule of free trade with third countries doesn’t prevent the Community bodies from imposing restrictions on imports (fixing annual quotas) when negotiated within the World Trade Organization (WTO).

In addition to these charges, there is also the payment of Value Added Tax (VAT) which, depending on the products and services, can be translated into the application of the following rates (VAT Rates for Goods and Services):

* Standard Rate - 20%, applicable to most goods and services since January 2011;

* Reduced Rate - 5%, on certain goods (eg. solar panels, radiators, wind turbines, hygienic protection products) and services (eg. gas and electricity supply for domestic use);

* Zero Rate - for certain foodstuffs, some medicines, passenger transport (excluding taxis), certain types of clothing and footwear for children, books (except e-books), magazines and newspapers.

USEFUL INFORMATION

For citizens of the European Union, only the national identification document or valid passport is required.

The local time is UTC (Coordinated Time Unit) in the winter, and another hour in the summer. In relation to Portugal, the United Kingdom always has the same time.

The metric system is used for weights and measures, although the British system of weights and measures is still used to a limited extent. Distances and speeds are counted in miles per hour (1 Mile = 1,600 KM), respectively. Thus, in particular circumstances, due to the process of changing from the previous system to the International System of Units, it is appropriate to make a proper reference to the system to be used.

Electric power:

England - 50 cycles, 240/415 or 240/480 Volts

Scotland - 50 cycles, 240/415 Volts

Wales - 50 cycles, 240/415 Volts

Northern Ireland - 50 cycles, 220/380 or 230/400 Volts

Source: AICEP PORTUGAL