How do I find my commodity code UK?
You can search UK Trade Info to find the right commodity code. You can also use the UK Trade Tariff tool (opens in new tab) to search for import and export commodity codes as well as the tax, duty and licenses that apply to goods.
How do I find a commodity code?
Commodity codes can be found on the Trade Tariff website….Your commodity code tells you:
- The duty and VAT ratings you’ll be charged for your goods.
- If you can apply for a preferential duty rating (General System of Preference aka GSP)
- Whether your product requires an import licence.
- Whether anti-dumping duties apply.
What is a commodity code UK?
Commodity codes classify goods for import and export so you can: fill in declarations and other paperwork. check if there’s duty or VAT to pay.
Are UK and EU commodity codes the same?
The Department for International Trade has confirmed that the existing commodity code system will continue to apply from 1 January onwards, when the UK has left the Single Market and EU Customs Code.
Is commodity code same as HS code?
Commodity Codes can also be loosely referred to as Taric Codes, HS Codes, Tariff Codes or Tariff Headings. It is important that you provide the right commodity code to ensure that you pay the correct amount of customs duties, taxes and other charges.
What is an 8 digit commodity code?
Data Element 6/14: first 8-digits of the commodity code This is the first 8-digits of the commodity code used for imports and exports that identifies the goods being declared and decides the rate of Customs Duty needed.
Are commodity codes universal?
Commodity code in other countries Although many countries have signed up to the same classification system, only the first 6 digits are used worldwide and product specific decisions are particular to each country.
Do I need a commodity code?
What Is A Commodity Code Used For? When you import or export goods of any kind, you are responsible for providing the correct commodity codes for the items you’re sending. Without your commodity code, you won’t be able to: Complete declarations and other shipping paperwork.
What happens if I use the wrong commodity code?
If you use an incorrect commodity code, you might find that your goods are seized or delayed by customs. You might pay incorrect VAT or duty, and – if you pay too little – could be liable for extra fees and charges.
Do I need a 10 digit commodity code?
Commodity Codes are composed of ten digit numbers, however for certain goods there are an additional four digits. The ten digits are used for imports from outside the European Union and it is needed for TARIC imports declaration. For exports from the UK you only need the first eight digit code.
Are commodity codes 8 or 10 digits?
Do commodity codes need to be 10 digits?