New UK Trader Scheme – Why you must sign up!

New UK Trader Scheme - Why you must sign up!

There is a new Government UK Trader Scheme (UKTS) which will help ensure traders don’t pay tariffs on the movement of goods into Northern Ireland from Great Britain where those goods remain in the UK’s customs territory.

This was only launched this week and you need to sign up immediately to the UK Trader Scheme before the 1st of January if you are likely to ship goods to Northern Ireland.

The likelihood is high that you will be selling to consumers in Northern Ireland in January – from Boxing Day Northern Ireland will enter a six week lockdown with the closure of non-essential retail, click and collect retail banned, and essential shops having to close each day by 8pm. Additionally, homeware will not be categorised as essential retail. This is likely to drive those looking to shop online and many will be looking to purchase from mainland UK as Northern Ireland is relatively small in ecommerce terms.

Businesses can apply for a UK Trader Scheme authorisation, allowing them to self-declare goods not ‘at risk’ of moving on to the EU after entering Northern Ireland. This means they will not be subject to EU duties on goods being sold to or used by consumers after entering Northern Ireland from Great Britain, regardless of the outcome of the UK-EU Free Trade Agreement negotiations.

Businesses who do not sign up could have to pay tariffs on their goods, unless they are eligible to claim a waiver. The scheme is open to traders of all sizes and across all industries who operate under the Northern Ireland Protocol (NIP).

Goods moved for sale to, or final use by, end consumers will be considered not ‘at risk’ when moved by businesses authorised under the UK Trader Scheme. Traders who want to declare goods not ‘at risk’ from the 1st of January 2021 will need to apply for authorisation by the 31st of December 2020. Traders will be granted a provisional authorisation for a period of up to four months whilst HMRC processes their applications.

We would strongly suggest you take a few minutes to join the UK Trader Scheme before the end of the year. Otherwise the first time you get a sale to a Northern Ireland resident you’ll be subject to tariffs even if the goods remain within the UK and are never exported to the EU.

Signing up to the UK Trader Scheme is easy – simply pop over to the gov.uk UKTS sign up. (NB Prior to signing up you will need to have applied for and received an EORI number!)

The post New UK Trader Scheme – Why you must sign up! appeared first on Tamebay.



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