Following the initial announcement relating to the implementation of NCTS 5, HMRC has released further Phase 5 information. This time, regarding guarantee reference amount submission in NCTS5 transit declarations.
To help you prepare for the introduction of NCTS5 on 16 November 2023, HMRC is issuing monthly updates on the changes that NCTS Phase 5 will bring.
In the attached document, HMRC explains changes to the information you will be asked for when entering the guarantee amount on a transit declaration in NCTS 5.
All the currently published information, including all of these monthly updates from HMRC, can be found on the designated NCTS 5 page on the BIFA website.
