BFPA Guide to Fluid Power Related Trade and PRODCOM Codes for use in 2023
30 Jan 2023
2023 INTRASTAT and EXTRASTAT Trade Codes
2023 PRODCOM Codes
Please click on the link below for a copy of BFPA’s recommended trade codes for fluid power and related products for 2023 (this is just a selection from the full TARIC which contains some 16,000 detailed product codes). There have been no new codes added or changes to the fluid power product codes, so all the codes remain the same.
CLICK HERE for the BFPA Guide to Fluid Power Related Tariff and Trade and PRODCOM Codes for 2023
If your product is used on civil aircraft a different set of tariff codes should be used, but from 1.1.2006 the distinction is only required at a 10-digit level.
CLICK HERE for the GOV.UK website pages which allows you to look up commodity codes, duty and VAT rates by using product codes or text.
CLICK HERE for UK Trade Info which is another useful website with data about imports, exports, commodities and traders.
CLICK HERE for the EU website for searching the “Integrated Tariff of the European Community” Nomenclature, also known as the TARIC.
However, if after checking the BFPA list and visiting these sites (and seeking help from other sources such as a Chamber of Commerce) you are unable to self-assess your products, you can request additional support by sending a request by email to:
classification.enquiries@hmrc.gov.uk
2023 PRODCOM Codes
For the PRODCOM survey (to be carried out during 2023 for 2022 data) the relevant product codes are based on the latest PRODCOM List, which changed in 2008 in line with the Standard Industrial Classification 2007 for industry in the EU. ONS have confirmed that there have been no changes to the questions and codes under Heading SIC (07) 2812 – Manufacture of fluid power equipment for 2022 data collection compared to 2021, and the list of codes is included in the attached document on page 7. BFPA will aim to keep up to date with any future changes to the list and inform members.
CLICK HERE for further information on PRODCOM which can be found on the UK ONS website
CLICK HERE for the Eurostat website, where a full version of the latest published lists can also be found
If you would like a copy of a summary of the SIC 2007 codes for fluid power products and related end user industries, please let me know.
EXTRASTAT
From 1 January 2022, all GB (England, Scotland and Wales) trade statistics will be derived directly from customs declarations as the single source. There is no longer any requirement to submit INTRASTAT declarations for EU imports (this was a temporary measure for 2021 only).
NB INTRASTAT will only apply for movements of goods between Northern Ireland and the European Union (EU) for a minimum of 4 years (and companies based in Ireland which continues to be a member of the EU).
INTRASTAT
From 1 January 2022, INTRASTAT will only apply for movements of goods between Northern Ireland and the EU. Movements between Great Britain (England, Scotland and Wales) and the EU will no longer be covered by INTRASTAT. Trade movements from Ireland, being part of the EU, will continue to be covered by INTRASTAT.
The Intrastat thresholds for reporting imports and exports using the Supplementary Declaration form from 1st January 2023 will remain the same as last year as follows:
- The exemption threshold for arrivals (NI imports from EU) £500,000 for 2023.
- The exemption threshold for dispatches (NI exports to EU) £250,000 for 2023.
CLICK HERE to find guidance from the Department for International Trade on processes for importing and exporting goods.
Please do not hesitate to contact Sarah Gardner sarah@bfpa.co.uk if you have any further questions on product classification or official statistics, and we will try and help.