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 1 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.
For help and advice on related matters, please get in touch with our expert Brexit advisory team today.