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Amend Commodity Code field in StockItem form 8 to 10 Digits as required by HMRC for Import and Export Declarations

Amend Commodity Code field in StockItem form 8 to 10 Digits as required by HMRC for Import and Export Declarations
Amend Commodity Code field in StockItem form 8 to 10 Digits as required by HMRC fro Import and Export Declarations or adding additional field for the purpose of Import and Export Declarations.

Whilst Eight digits is sufficient for Intrastat 10 digits are required for Import and export declarations

Exerts from HMRC Website:

https://www.gov.uk/classification-of-goods

All UK businesses must declare any imports or exports to HM Revenue and Customs (HMRC) to ensure that any import VAT, duty, excise or levies due on them under UK and European law are collected.

How different goods are classified largely determines what duties and controls apply to them. HMRC uses commodity codes found in the UK Integrated Trade Tariff (the Tariff) to classify individual products. Classification of commodities is necessary for import and export declarations as well as Intrastat returns. Other government departments also rely on Tariff classification for licences and other documents.

In order to classify your goods you’ll need to make use of the Integrated Tariff of the UK - commonly known as the Tariff. This is a large document containing a product coding system which provides a comprehensive guide to importing and exporting. You can buy it in binder form or access it online. Volume 2 of the Tariff contains a list of commodity codes that HMRC uses to determine the class under which exports and imports are entered.

The commodity code is a ten digit number although an additional four digits may apply to certain products. For imports from outside the EU it’s necessary to provide the full Tariff classification. For exports the first eight digits are sufficient

Example 1

Import
The commodity code for importing is 3926909790.

Importing from outside the EU is subject to a third country duty of 6.50 %.

Goods are subject to VAT standard rate.

Export
The commodity code for exporting and intrastat reporting is 39269097.

Binding Tariff Information
You can search the EU EBTI-database for existing Binding Tariff Information for commodity code 3926909790.

Example 2

Import
The commodity code for importing is 7318220098.

Importing from outside the EU is subject to a third country duty of 3.70 %.

Goods are subject to VAT standard rate.

Export
The commodity code for exporting and intrastat reporting is 73182200.

Binding Tariff Information
You can search the EU EBTI-database for existing Binding Tariff Information for commodity code 7318220098.

Example 3

Import
The commodity code for importing is 7318153019.

Importing from outside the EU is subject to a third country duty of 3.70 %.

Export
The commodity code for exporting and intrastat reporting is 73181530.

Binding Tariff Information
You can search the EU EBTI-database for existing Binding Tariff Information (http://ec.europa.eu/taxation_customs/dds2/ebti/ebti_consultation.jsp?Lang=en&nomenc=7318153019&Expand=true) for commodity code 7318153019.

  • Guest
  • Aug 25 2015
  • Delivered
Fixed in version 2019 (Spring/ Summer)
Implemented in version (specific) 2019 (Spring)