ABSTRACT MAXI J1820+070, a black hole candidate first detected in early 2018 March, was observed by XMM–Newton during the outburst rise. In this letter we report on the spectral and timing analysis of the XMM–Newton X-ray and UV data, as well as contemporaneous X-ray data from the Swift satellite. The X-ray spectrum is well described by a hard thermal Comptonization continuum. The XMM–Newton X-ray light curve shows a pronounced dipping interval, and spectral analysis indicates that it is caused by a moderately ionized partial covering absorber. The XMM–Newton/OM U-filter data do not reveal any signs of the 17 h orbital modulation that was seen later on during the outburst decay. The UV/X-ray cross-correlation function shows a complex shape, with a peak at positive lags of about 4 s and a precognition dip at negative lags, which is absent during the X-ray dipping episode. Such shape could arise if the UV emission comes partially from synchrotron self-Compton emission near the black hole, as well as from reprocessing of the X-rays in the colder accretion disc further out.