CHAPTER 3 U.K. COMPILATION OF STATISTICS ON TRADE BY BUSINESS CHARACTERISTICS AND STATISTICS ON TRADE BROKEN DOWN BY INVOICING CURRENCY

Article 16 U.K. Compilation of statistics on trade broken down by invoicing currency

1. National statistical authorities shall compile annual statistics on trade broken down by invoicing currency.

2. The statistics shall contain the following characteristics:

(a) trade flow;

(b) statistical value;

(c) invoicing currency according to the coding in Article 14;

(d) total and a product breakdown according to sections and divisions of the Standard International Trade Classification (SITC) in force, indicating the following codes:

1

—

raw materials without oil according to SITC section 0-4 excluding division 33,

2

—

oil according to SITC division 33,

3

—

manufactured products according to SITC sections 5-8.

F1 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5. The data source shall be the information recorded from customs declarations F2 .... However, if the invoicing currency for exports is not available on the customs declaration, [F3 the Commissioners for Her Majesty's Revenue and Customs] shall carry out a survey for compiling exports broken down by invoicing currency which provides statistics with accurate results.

Textual Amendments

F1 Art. 16(3)(4) revoked (31.12.2020) by The Statistics of Trade (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/47), regs. 1(4), 11(2); 2020 c. 1, Sch. 5 para. 1(1)

F2 Words in Art. 16(5) omitted (31.12.2020) by virtue of The Statistics of Trade (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/47), regs. 1(4), 12(1)(h)(i); 2020 c. 1, Sch. 5 para. 1(1)

F3 Words in Art. 16(5) substituted (31.12.2020) by The Statistics of Trade (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/47), regs. 1(4), 12(1)(h)(ii); 2020 c. 1, Sch. 5 para. 1(1)