New Government Scheme Introduced For Northern Ireland
The existing UK Trader Scheme (UKTS) is now being replaced by the new UK Internal Market Scheme (UKIMS) as part of the new Windsor Framework arrangements for Northern Ireland.
The UKIMS will enable more businesses to benefit and will ensure that goods moved into Northern Ireland under the scheme are free of customs paperwork, checks and duties from September next year.
HMRC are encouraging traders to begin their UKIMS registration process NOW. From 30th September 2023, traders authorised under the new scheme will be able to move goods into Northern Ireland under expanded scheme criteria.
If you are currently authorised for UKTS then you may continue to use this scheme for moving goods into Northern Ireland. However, UKTS holders will NOT be automatically transferred to UKIMS, therefore you should apply sooner rather than later.
If you are NOT currently authorised for UKTS, then it may well be worth applying for UKIMS, as the previous criteria has changed and more companies will be able to qualify.
A large number of businesses are expected to be moving over to UKIMS, and HMRC are requesting that you take action before 31st July 2023, which should ensure they have enough time to complete enrolments prior to 30th September 2023.
UKIMS registered businesses will be able to use the ‘green lane’ into Northern Ireland, which comes into place in October 2024 under the Windsor agreement.
You can find more information and start your registration HERE.