This website uses cookies to ensure you get the best experience. Please read our policies for more information.

10 Chartered Accountants

News

Do you know the new UK commodity codes?
14 January 2022

From 1 January 2022, businesses may need to change the commodity codes they use for goods that they import or export overseas.

The changes come after full customs controls were introduced at the beginning of this year.

If you are an international trader, here’s what you need to know.

What are the new UK commodity codes?

The UK introduced its 2022 integrated tariff on 1 January 2022, incorporating the World Customs Organisation’s (WCO) changes to the Harmonised System Nomenclature.

Commodity codes are used to quickly classify goods for customs and tax purposes.

The full list of changes can be found here.

What do I need to do?

You must check whether the UK commodity codes for your goods have changed.

This is required to complete full import or export declarations and other paperwork, and to ensure that you pay the right Customs Duty and import VAT.

The new commodity codes may also help you check if you need a licence to move your goods, if your goods are covered by an existing trade agreement, or if your goods are covered by the Agricultural Policy, anti-dumping duties, UK safeguarding measures, or tariff quotas.

If you are not able to complete customs declarations yourself, you can get someone to deal with customs for you.

Where can I find the new commodity codes?

The Trade Tariff tool can help you find the right commodity code. To use the tool, you may need to identify the type of product being traded, the purpose of the product, the materials used to make it, the production methods used to make it, and the way it is packaged.

Get advice today

For help and advice with related matters, please get in touch with our team today.

Other recent news

Too many businesses falling into VAT traps
24 April 2025

VAT is complex, and too many businesses are making costly,…
Read more

900,000 sole traders pulled into MTD for ITSA
24 April 2025

The Government has confirmed that Making Tax Digital (MTD) for…
Read more

Labour introduces harsher penalties for late taxpayers
24 April 2025

The Chancellor’s Spring Statement introduced harsher penalties for late taxpayers…
Read more

Should you submit your tax return at the start of this tax year?
24 April 2025

Submitting your Self-Assessment tax return at the start of this…
Read more

Why capital allowances should be top of your to-do list this April
24 April 2025

The new financial year will see many of the proposed…
Read more

»

Case Studies