Applications now open for freeports

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

Home | Contact us | Site map | Accessibility | Help | Disclaimer | Privacy |

© 2022 Farrars Chartered Accountants. All rights reserved.


Farrars Limited (trading as Farrars Chartered Accountants), Unit 1, Cedars Office Park, Butt Lane, Normanton on Soar, Leicestershire LE12 5EE
Farrars Limited (trading as Farrars Chartered Accountants), Trent Business Centre, Thoroton Road, West Bridgford, Nottingham NG2 5FT

Company Reg No. 6630806 | Reg Office : 'Cedars Office Park' as above | Registered in England and Wales | VAT No. 944 2828 06