April 2024

AI Summary ✨ Alignment with the EU: HMRC’s update on commodity codes includes ending several codes and creating new ones to maintain dynamic alignment with the European Union’s regulations. New Commodity Codes: Effective from April 21, 2024, new codes such as 3827680050 and 3827680060 have been introduced for specific classifications of hydrofluorocarbons. Absorption of Old …

Comprehensive Guide to HMRC’s Latest Commodity Code and SPV Updates – April 26, 2024 Read More »

AI Summary ✨ Correction of Dataset Entries: The Department for Business and Trade has made corrections to their dataset, affecting duty rates under the Developing Countries Trading Scheme (DCTS). Updated Duty Rates: Changes have been applied to specific commodity codes under DCTS Standard and Enhanced Preferences, effective from 26/04/2024. Commodity Codes Affected: Updates include various …

April 2024 Update on HMRC’s Developing Countries Trading Scheme (DCTS) Duty Rates Read More »

AI Summary ✨ Update to Waste Control Document Code C672 Description: The description for the waste control document code C672 has been updated. The new definition specifies that it’s an information document for the export of non-hazardous waste or imports of non-hazardous waste, aligned with Article 18 and Annex VII of Regulation (EC) No 1013/2006, …

April 2024 HMRC Tariff Updates: New Guidelines for Non-Hazardous Waste Control and Tariff Suspensions Read More »

AI Summary ✨ Implementation Issues Noted: HMRC has identified issues with the recent changes to Tariff suspensions that came into effect on 11 April 2024. Collaboration for Resolution: HMRC and the Department for Business and Trade (DBT) are actively working together to resolve these issues promptly. Implications for Importers: Importers affected by these tariff changes …

April 2024 Tariff Suspensions Update: HMRC and DBT Address Implementation Issues Read More »

AI Summary ✨ Introduction of New Commodity Codes: Effective 1 May 2024, HMRC has introduced new commodity codes, specifically 0409000010 and 0409000090, to ensure that the UK’s tariff system remains dynamically aligned with the European Union. Purpose of the Update: This modification in commodity code structure is aimed at facilitating smoother trade and regulatory processes …

Latest HMRC Commodity Code Update – Maintaining Alignment with the EU as of May 2024 Read More »

AI Summary ✨ Business Suspensions Update: HMRC has announced updates to the UK Business Suspensions effective from 11 April 2024. This includes important changes that may affect businesses and their operations. More information can be accessed through the dedicated link provided by HMRC. Simplified Procedure Value (SPV) Update: The SPV has been revised for a …

Key Updates on HMRC Tariffs: Business Suspensions and Simplified Procedure Value Changes – April 2024 Read More »

AI Summary ✨ Correction of Data: The Department for Business and Trade has corrected an incorrect dataset entry, lifting the prohibition on the import of Betel leaves from Bangladesh. Specific Commodity Code Affected: The commodity code 1404900010 has been updated to end the prohibition measure effective 10 April 2024. Update to Additional Duties Measure for …

Key HMRC Tariff Updates: Betel Leaves Import from Bangladesh and New Belarus Duties Read More »

AI Summary ✨ HMRC Announcement Date: The update was officially released by HM Revenue & Customs on April 8, 2024, aiming to inform about significant changes. Focus of Update: A pivotal amendment to the Document Code Description concerning code 901Y has been introduced. Nature of the Update: This change comes as a correction made by …

April 2024 HMRC Update: Key Changes in Document Code Description for Traders Read More »

AI Summary ✨ In April 2024, HM Revenue & Customs published significant updates impacting international trade regulations and tariffs. Key points include: Extension of Anti-Dumping Duty: The Trade Remedies Authority recommended extending the anti-dumping duty on certain cast iron articles from China, ensuring fair trade practices. Commodity Code Structure Revamp: To maintain dynamic alignment with …

April 2024 Updates: Anti-Dumping Duty, EU-Aligned Commodity Codes, and Adjustments to South African Wine and India Steel Quotas Read More »