What is a commodity code?
When is a commodity code used?
A commodity code is used whenever goods are being transported to or from the UK and are important for determining how your goods are treated.
Why do I need a commodity code?
If you are involved in international trade it is imperative that you select the correct commodity code for your products. The code will help you to identify things like:
- Duty and tax reliefs
- Customs procedures
- Special regulations such as import/export licenses
- VAT or duty owed
- Import/Export document requirements
Remember, it is YOUR responsibility to ensure that the correct commodity code has been used. Failure to do so could mean a costly mistake.
Where can I get a commodity code?
You can find the commodity code for your product by using the online trade tariff provided by the UK government. Simply use the search bar at the top of the screen or select your product from the selection of classification categories.
Once you have the correct commodity code you can start to look up things like export requirements and duty rates.