The Harmonised System (HS) Code is a globally standardised numerical code used to classify traded goods for customs purposes. Developed by the World Customs Organization (WCO), it is essential for determining the applicable duties, taxes, and trade measures for specific goods. HS codes are widely used and typically found on invoices and shipping documents.
The term Tariff Code often refers to the extended classification used by individual countries or trade blocs, which builds upon the base HS code. These tariff codes incorporate additional digits to provide further specificity about goods, enabling the application of country-specific duty rates, trade measures, and restrictions.
In summary:
- HS Code: The foundational, internationally recognized numerical system established by the WCO.
- Tariff Code: The extended version of the HS Code used at a national or regional level to determine duties and trade measures specific to that jurisdiction.
The tariff code is made up of 10 digits for import and 8 digits for export. The first 6 digits are the HS code.
Read more: https://www.gov.uk/trade-tariff