e-commerce

HMRC VAT Import One Stop Shop (IOSS) launches 1 March 2024

27 February 2024| CATEGORIES: e-Commerce, EU VAT, HMRC, IOSS| TAGS: , , ,

From 1 March 2024, businesses in Northern Ireland or Norway, which sell low-value goods imported from outside the EU and Northern Ireland to customers inside those regions can register with HMRC to use the import one stop shop (IOSS) system. Currently, Northern Irish businesses are only able to register for the IOSS in an EU member state.

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UKIMS

GB to NI Goods: UK Internal Market Scheme to replace the UK Trader Scheme from 30 September 2023

13 September 2023| CATEGORIES: Brexit, GB to NI goods, Not at risk| TAGS: , , ,

HMRC have issued a reminder to businesses selling goods from Great Britain into Northern Ireland that the UK Internal Market Scheme (UKIMS) will replace the UK Trader Scheme (UKTS) from 30 September 2023.  The UK Internal Market Scheme will continue to enable registered traders to move goods in line with existing ‘not at risk’ arrangements.

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Brexit

The Windsor Framework – VAT and Customs changes

3 March 2023| CATEGORIES: Brexit, Northern Ireland Protocol, The Windsor Framework| TAGS: , , ,

The UK Government has reached an agreement in principle with the EU, aimed at addressing post-Brexit problems with the Northern Ireland Protocol. The Windsor Framework, replaces the old Northern Ireland Protocol. It delivers free-flowing trade in goods between Great Britain and Northern Ireland through a new green lane.

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New VAT second-hand motor vehicle payment scheme

9 February 2023| CATEGORIES: Brexit, second-hand vehicles, VAT| TAGS: , ,

A new VAT-related payment scheme for businesses that buy second-hand cars in GB and move them to Northern Ireland or the European Union for resale is to be introduced. This puts Northern Ireland dealers in a comparable financial position to their counterparts in the rest of the UK. Under the terms of the Northern Ireland Protocol the VAT second-hand car margin scheme could no longer be used by dealers for these sales.

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