In this week’s EU Exit Bulletin, we bring you an update from HMRC regarding the new second-hand motor vehicle export VAT refund scheme. We also bring news that final supplementary declarations will automatically generate in the TSS from mid-June and a new Trader Journey Assistant has launched. In Ireland, Revenue has issued guidance on what to do if a customs import declaration needs to be cancelled as well as information on a new payment notification that will issue in real time to a trader’s ROS inbox.
VAT second-hand margin scheme
As covered by us in a previous update, the UK government intends to introduce a new second-hand motor vehicle export refund scheme in October 2022 which will allow traders to claim a refund of VAT when moving a second-hand motor vehicle from Great Britain to Northern Ireland for resale. HMRC has contacted the Institute to say that the existing guidance on the scheme will not be updated as planned in May.
However, until the refund scheme is implemented, businesses can continue to rely on existing guidance when applying the margin scheme in Northern Ireland. The UK has requested that the EU’s margin scheme continue to apply in Northern Ireland on a limited basis until the new second-hand motor vehicle export refund scheme is implemented. The guidance can be accessed using this link.
We will keep members updated.
Auto-generation of final supplementary declarations – TSS
The latest Trader Support Service (TSS) Bulletin tells us that from the middle of June 2022, the TSS will start to automatically generate the Final Supplementary Declaration (FSD) report on behalf of all traders that use the simplified process on the TSS Portal. The submission of the monthly FSD, a report which details the number of Supplementary Declarations that have been submitted for the month, compared to the Supplementary Declarations due for goods that have been moved over the same month, is the last step in the simplified process.
From 19 June, to enable the auto-generation of the Final Supplementary Declaration, all Supplementary Declarations that are due in TSS will need to be submitted by 9pm on the fourth working day of the month following the goods movement.
TSS will also automatically generate the Final Supplementary Declaration if the Customs Freight Simplified Procedure (CFSP) authorisation is used. Traders will be advised by email when a Final Supplementary Declaration has been successfully submitted. Traders will also be able to view, print and download TSS Final Supplementary Declaration reports from the company profile.
New Trader Journey Assistant
A new tool for traders, the Trader Journey Assistant, has been made available for traders on Northern Ireland Customs and Trade Academy (NICTA). The tool poses a series of questions which will help traders understand the declarations requirements for goods movement. The tool will also direct traders to the relevant guidance to be able to complete declarations and pay any associated customs duties.
Updates to NICTA’s website
New landing pages have been launched on NICTA’s website to host specific information that readers may need for particular goods movements. For example, a single page has been established which focuses on moving goods from Great Britain to Northern Ireland and another page is dedicated to providing guidance when certain error codes arise on declarations.
Invalidating customs import declarations – Ireland
Revenue has issued guidance on what to do where subsequent to making a customs import declaration when importing goods from a non-EU country, events arise which result in the declaration needing to be cancelled (i.e. invalidated). The invalidation should be completed by the person who lodged the import declaration. Revenue’s e-customs notification 26/2022 sets out examples of when this might arise.
Updated Revenue guidance - payment notifications
The following Tax and Duty Manuals have been updated to include details of a new payment notification that will issue in real time to a trader’s ROS inbox where another trader makes a payment to their TAN account in ROS or myAccount:
• C&E TAN reports available on Revenue’s Online Service (ROS)
• C&E online payments in ROS and myAccount
LOADING...