- Government responded to the 2023 Call for Evidence on the Temporary Admission procedure.
- TA allows goods to enter the UK temporarily without customs duties or import VAT.
- Beneficial for sectors like the arts where goods frequently move for events and exhibitions.
- Current TA process is complicated and guidance is unclear.
- Reforms to improve TA will be implemented in 2025.
- Timing requirements will be extended and simplified.
- Limits for goods under TA will be increased, especially for art, antiquities, tests, and pleasure-craft.
- Time limit for customs formalities will increase to 90 days after sale.
- New guidance and a handbook will be published to simplify the TA process.
- Restrictions on TA eligibility will be removed, allowing third-party businesses to use TA.
- Importers will no longer need their own authorisation to use TA.
- Proposed changes are welcomed and new guidance from HMRC is anticipated.
- Hope for review and improvement of other customs reliefs for better accessibility and efficiency.
Source: saffery.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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