Netcompany, a European IT consultancy, uses its ERMIS
solution to launch the highly anticipated New
Computerised Transit System Phase 5 (NCTS5) for HM Revenue &
Customs (HMRC). This will replace the existing system, enable
improved functionality for UK and EU traders, and meet new
compliance requirements.
LONDON, July 10,
2024 /PRNewswire/ -- On 28 June for Northern Ireland, followed by 1 July for
Great Britain, the New
Computerised Transit System Phase 5 (NCTS5) for HM Revenue &
Customs (HMRC) went live – enabling hundreds of Traders to further
streamline the process of moving goods using transit through
Great Britain and Northern Ireland. NCTS5 is a legal requirement
of all Common Transit Convention (CTC) member countries, including
the UK, and the new system will offer improved functionality for
the benefit of Traders and Trade in UK and EU.
Netcompany, the European IT consultancy enabling this digital
transformation project, has implemented its ERMIS NCTS5 COTS
solution to transform the existing 20-year-old legacy system into
a modern solution. Benefits of the transformation include
reduced administrative burden through the transit procedure and
control through automated processes.
"We are proud to bring our experience in helping governments
digitalise their services to help enable a smooth trading procedure
in the UK and EU," said Richard
Davies, UK Managing Partner, Netcompany. "Making it
easier for traders moving goods through the UK is especially
critical in this fast-evolving market and we are excited to be a
part of the solution."
First introduced in the early 2000s, the NCTS is a Europe-wide system that replaced paper-based
declaration and processing for goods to provide better management
and control of Union and Common Transit. It has since gone through
four versions or phases.
About Netcompany
Founded in Denmark in 2000,
Netcompany is a fast-growing, multinational company, working across
10 countries, with a team of more than 7,700 skilled professionals,
who drive sustainable digitisation, consistently improving outcomes
for our customers and citizens. Netcompany provides
mission-critical IT solutions for societal and business needs,
aiding our clients in their digital evolution towards a more
efficient and sustainable future. Netcompany UK has extensive
experience of working across public sector, including NHS England,
Ministry of Defence, Home Office, HMRC, Department for Education,
Department for Environment, Food & Rural Affairs, as well as
extensive private sector experience.
CONTACT: Kim Vigilia, +44 20 3868
2941, kim.vigilia@netcompany.com
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