What is the UK Trade Tariff?
Most import and export customs declarations rely on a classification system that defines goods and assigns each a ‘commodity code’. All commodity codes and the customs measures which apply to them are collected in a publication called the Integrated Tariff of the United Kingdom. This document, also known as the Tariff, is HM Revenue & Customs’ (HMRC’s) authoritative guide to: • duties such as customs duties, anti-dumping duties and preferential duty rates • taxes and other levies like excise and VAT rates • rebates and tax relief schemes • licences that importers and exporters need to understand to make trading efficient HMRC’s Tariff contains this classification information for all goods. It also provides notes on how goods are classified, showing what special conditions such as prohibitions may apply to particular goods. All entries in the Tariff are classified according to strict definitions, ensuring that goods are accurately described. Browsing through these is one of the ways you
