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 Codes: Several codes, including 3827690010 and 3827690011, are being absorbed into new or existing codes by the end of April 2024.
- Update to SPV: The Simplified Procedure Value (SPV) has been updated for a short period from April 26 to May 9, 2024, with details accessible through a provided link.
Update to Commodity Code Structure to maintain dynamic alignment with the EU:
The following commodity codes will be ending as of 20 April 2024:
| Commodity Code | Classification |
|---|---|
| 3827690010 | Containing unsaturated hydrofluorocarbons |
| 3827690011 | R513a (containing 56% of 2.3,3.3-tetrafluoropropene (hfc-1234yf) and 44% of 1.1,1.2-tetrafluoroethane (hfc-134a)) |
The following commodity codes have been created as of 21 April 2024:
| Commodity Code | Classification |
|---|---|
| 3827680050 | R450a (containing 58% of 1.3,3.3-tetrafluoropropene (hfc-1234ze) and 42% of 1.1,1.2-tetrafluoroethane (hfc-134a)) |
| 3827680060 | R513a (containing 56% of 2.3,3.3-tetrafluoropropene (hfc-1234yf) and 44% of 1.1,1.2-tetrafluoroethane (hfc-134a)) |
| 3827690012 | Containing unsaturated hydrofluorocarbons |
The following commodity codes have been absorbed as of 21 April 2024:
- 3827690010 is being absorbed into 3827680050
- 3827690010 is being absorbed into 3827690012
- 3827690011 is being absorbed into 3827680060
The following commodity codes have been absorbed as of 30 April 2024:
- 7226200020 is being absorbed into 7226200000
- 7226200095 is being absorbed into 7226200000
The following commodity codes have been created as of 1 May 2024:
| Commodity Code | Classification |
|---|---|
| 1502109010 | Of beef |
| 1502109090 | Other |
| 1502909010 | Of beef |
| 1502909090 | Other |
Update to Simplified Procedure Value:
The Simplified Procedure Value (SPV) has been updated. The update applies to the period between 26 April 2024 and 9 May 2024. Please use the following link to find out more. Simplified Procedure Value Information
