This website uses cookies to ensure you get the best experience. Please read our policies for more information.

10 Chartered Accountants

News

Brexit: UK Trader Scheme to support movement of goods between Britain and Northern Ireland
18 December 2020

The UK Trader Scheme (UKTS) has now been launched to support businesses moving goods between Great Britain and Northern Ireland after the Brexit transition period ends. Here’s what you need to know:

What is the UK Trader Scheme?

Simply put, the UKTS will ensure that UK traders do not pay international tariffs on the movement of goods into Northern Ireland where those goods “remain in the UK’s customs territory”.

When transporting goods between countries, authorised traders will self-declare that there is “no risk” of the goods entering the EU via the Republic of Ireland or otherwise. More information about the UKTS and “at risk” goods can be found here.

When does the scheme come into effect?

Immediately after the Brexit transition period ends, so 01 January 2021.

Who can sign up to the scheme?

The scheme is open to traders of all sizes and industries who operate under the Northern Ireland Protocol (NIP). Traders must also meet several “basic requirements” and show that they can “accurately declare and evidence whether goods are ‘at risk’ or not”.

How can I register?

Businesses can apply for UKTS authorisation from this week. If you choose not to sign up, businesses may have to pay tariffs on their goods. Click here to start the registration process.

Other recent news

Too many businesses falling into VAT traps
24 April 2025

VAT is complex, and too many businesses are making costly,…
Read more

900,000 sole traders pulled into MTD for ITSA
24 April 2025

The Government has confirmed that Making Tax Digital (MTD) for…
Read more

Labour introduces harsher penalties for late taxpayers
24 April 2025

The Chancellor’s Spring Statement introduced harsher penalties for late taxpayers…
Read more

Should you submit your tax return at the start of this tax year?
24 April 2025

Submitting your Self-Assessment tax return at the start of this…
Read more

Why capital allowances should be top of your to-do list this April
24 April 2025

The new financial year will see many of the proposed…
Read more

»

Case Studies