Inside the customs zone, port operators and other companies are able to defer tax duty and import VAT on goods. If a product comes from outside of the UK into the customs zone, such as a raw material or a component part, no tax is paid on that coming into the port unless it then leaves the port area and enters the UK. If a manufacturer or a producer is located inside the customs zone, it can handle those goods and use them to create their finished product. They would only pay tax on their product if it then enters the UK. They can export to an international market without paying tax.
There are several new proposed customs zones to be located inside Humber Freeport, including the four main ports of Grimsby, Immingham, Hull and Goole, the manufacturing facility at British Steel and several other smaller terminals along the Humber, not operated by Associated British Ports.
These sites will now be undergoing an approval process with Government including HMRC.
• Green Energy Jobs
• Customs Zone
• Rail industry supply chain
• Innovation centre
• Customs Zones
• Green Energy jobs at Able Marine Energy Park
• Customs Zone at Immingham
• Expansion of South Humber Industrial Investment Park
How do existing local
We will know more about this as details emerge. However, it is the intention to incentive new investors to the area to use local suppliers, to boost existing businesses across the Humber. Businesses will also benefit from the general uplift in economic activity in the area catalysed by the freeport.
How can my land be added
as a tax site or customs zone?
It is our ambition that if Humber Freeport is successful it will grow over time. However, it will take Government approval to add new sites into approved zones. We hope new Government guidance on this will be made available in the future to help guide how zones can be expanded.