David Nash/Barcroft Media via Getty ImagesBoris Johnson's government is procuring a new system costing up to £200 million that will carry out customs declarations on behalf of businesses importing goods across the Irish Sea.
The UK government is procuring a system called the Trader Support Service, which will handle customs declarations on behalf of Northern Irish companies importing goods from Great Britain and the rest of the world from January next year, effectively picking up the customs bill for Northern Irish companies bringing in goods across the Irish Sea.
With just five months left until the Northern Ireland protocol comes into effect, there is growing alarm in the province that time is running out for firms to prepare for the new processes and red tape it entails. As well as the contract worth up to £200 million, the UK government has announced £150 million to fund the IT systems that will underpin the service, as well as £300 million for peace programmes across the island of Ireland.
Manufacturing Northern Ireland's Stephen Kelly said the UK government's "commitment to cover the Customs costs is very welcome first step" but several issues remained, including "resolving SPS checks, VAT and legislating to protect our position in the UK market."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
'Boris Johnson's UK government is building a £200 million system to handle customs declarations for Northern Irish businesses after Brexit' .... finish the sentence... 'That will be scrapped when it's found to not work as intended following a non-competitive bid by a tory donor'
“Frictionless trade” “Not a single form”
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside story: Humana's $100 million bet on telehealth startup Heal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Unemployed during coronavirus pandemic: Business Insider survey - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Well Good Evening, check me out then Work at a university. So yup. Unemployed. And they are clueless how to reopen so far.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Etihad Airways gives face masks to first and business class passengers - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 'Etihad Airways will give first and business class passengers reusable, antimicrobial face coverings' Not sure if this headline gives critical alarming bells or sarcastically hilarious? 🤔
Source: BusinessInsider - 🏆 729. / 51 Read more »
How business owners can cut costs and prepare their companies for an uncertain future - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Le Tote bought Lord & Taylor to save it, but both are bankrupt - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Why she support CCP?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Pakistan's mango exports are plummeting because of the pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »