Tariff Classification Explained - Technical Workshop
In this workshop learner will find out why the tariff is so important, not only because it contains the commodity codes classifications but because of it's link to other trade measures. It looks at the structure of the Harmonised System (HS) and uses interactive session to help you understand how to classify your goods, the importance of section and chapter notes and how and when to use the General Interpretative Rules (GIRs).
Description
This one-day workshop focuses on the trade tariff's background and the information in the UK Integrated Tariff and explains the structure of commodity codes (HS Codes). This one-day course is full of guided learning with practical tips and hints on navigating around the Integrated Tariff of the UK to give you a better understanding. This course will teach you how to classify goods correctly following the WCO guidance on tariff classification.
You will better understand the tariff structure, and what HMRC look for during an audit of the commodity codes you have already used within your business. We will look at the rules relating to the tariff classification of products and how they can impact a trader if a wrong tariff code is selected. We will also guide you through the General Interpretive Rules (GIRs) and how these are applied to the goods.
When navigating the UK Integrated Tariff, we will view the different aspects of a commodity code, such as rates of duty, tariff suspension, preference, and restrictions on controlled items. In addition, you will learn how to create a tariff classification methodology, log your commodity codes correctly, and apply for Advanced Tariff Rulings (ATaRs). Arming you with the practical skills you need to ensure compliance.
During the afternoon, we hold a live exercise where you put your new skills to the test classifying a wide range of products with a qualified International Trade Advisor on hand to assist with this challenging and confusing topic.
Course Structure and Key Topics
Training Objectives: Looks at the regulations relating to tariff classification as an essential guide on how to read and understand the Tariff.
Introduction: What is the Tariff, why is it important to international trade in general not only to duty rates
Correct Tariff Classification: What you need to know to ensure you are classifying goods correctly
The Harmonised System (HS): A review of the HS Coding System used internationally and how it support clarity when dealing with other countries. The standard format, structure and rules examined
Tariff Sections Explained: How is the Tariff organised? The Sections, Chapters, Heading and Subheadings reviewed and their relevant explained
General Interpretative Rules (GIRS): The HS Rules for classifying goods explained – 6 GIRS, when and how do we use them?
Classifying Different Items: Reviewing the different classification points between eg raw materials, semi-finished and finished products, kits, spare parts and mixtures.
Review Of Current Issues: overview of current trends and recent rulings
HS2017: Amended every 5 years, the HS Coding System is constantly being reviewed, what changed in 2017 and what is on the table for the 2022 amendments
Binding Tariff Information Rulings (BTI): Applying to HMRC for a Binding Ruling
Using Classification Reference Material: Where to find information and guidance. Using other sources of material including HMRC Guidance notes and international legal decisions
Audits: How prepare for HMRC audits, what audits should I perform myself? When and how often are they?
Record Keeping: What information / documentation you should keep.
Face to Face Policy
All of our Face to Face training courses are delivered in a Covid-19 secure training room. The safety of our trainers & clients is of upmost importance to us. Our Face to Face courses will be limited to a maximum of 8 delegates.
Course Procedures and Information
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All delegates will be provided with access to masks, hand sanitiser & desk shields should they want to make use of them
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Delegates must ensure that they do not attend the event if they have any symptoms of Covid-19
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If you have had Covid-19 14 prior to the event please ring us to discuss on 0161 499 7000 and we can advise you.
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All delegates must notify Strong & Herd™ LLP at the earliest opportunity if you develop symptoms within 1 week of the event.
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Our safety measures include ensuring adequate ventilation of the training room at regular intervals throughout the day so whilst our central heating will be in operation, it is advisable to bring a cardigan / jacket to the course.
Who Should Consider this Course?
This practical guide to tariff classification is designed for anyone involved in classifying products, whether for imports or exports.