The start of 2019 sees few amendments being made to the world-wide Harmonised System (HS), the internationally accepted commodity code list which is used for the classification of traded products.
This year, there are only a few changes to the HS in the form of the reorganisation of several existing codes. The list’s next major revision is planned for 2022, giving businesses a current period of stability, during which they are relieved from the burden of keeping track of regular coding changes.
New HS codes have been created for the use of aluminium sheets and specifically new sub-codes have been created to observe if these sheets are being used for beverage cans. This is in line with the close monitoring and regulation of soft drinks in a number of countries including the UK, where using the codes may explain the trade patterns of these products.
Other changes include the combining of the commodity codes for motor spirit and jellyfish to facilitate more standardised regulation of such products. Offset printing machinery codes have also been reorganised to allow for a 1cm difference in the size of fabric permitted to be fed through the machines.
Due to the minimal changes made in 2019, we anticipate little disruption to businesses’ intrastat declarations in the following year. However, should you have any questions or are unsure as to which code to apply, please do not hesitate to contact us to discuss that in further detail.