Applications now open for freeports

Businesses that are planning to operate in the UK's new freeports can now apply to HMRC.

Businesses that are planning to operate in the UK's new freeports can now apply to HMRC.

The tax authority has published the application forms to operate special customs procedures within the sites, along with further guidance on procedures for declaring goods moving into and out of sites.

Freeports are areas that benefit from a range of tax and other incentives, including a suspension from customs duties for imported goods and less burdensome customs procedures.

HMRC is now accepting applications to use freeport customs special procedures. The application form, which can be downloaded fromgov.uk, must be emailed or posted to HMRC once completed.

An application can be made by businesses that have a provisional agreement in place with a freeport customs site operator to store or process goods at a freeport customs site. An application may not be necessary if the business uses existing customs special procedures.

To complete the form, businesses will need, among other things, their Economic Operator Registration and Identification (EORI) number, company registration number (if a company), tax reference numbers and contact details.

Internet link: GOV.UK

Jacksons, Ash Tree Court, Mellors Way, Nottingham Business Park, Nottingham NG8 6PY
Jacksons, Potterdyke House, 31-33 Lombard Street, Newark, Nottinghamshire NG24 1XG

© 2024 Jacksons. All rights reserved. We use cookies on this website, you can find more information about cookies here.

Registered as Auditors and regulated for a range of investment business activities in the United Kingdom by the Association of Chartered Certified Accountants
Jacksons Business Services Limited Registered in England Company Number 4581754

ACCA Sage One Certified Adviser Sage Accountant Partner quickbooks-logo.png xero.png apple.png googleplay.png windows.png