HMRC has issued the following update, which will be relevant to clients involved in the cross-border movement of goods:
The New Computerised Transit System (NCTS) phase 5 (NCTS5) will be introduced under transitional rules on 01 July 2024.
To prepare users for this change, HMRC are issuing communications to detail the new features being introduced either on 01 July 2024 (Transitional Rules) or 22 January 2025 (Final State Rules).
These attached communications confirm how Electronic MRNs will work in January 2025 when Final State Rules are introduced.
