Humber Freeport

On the 3rd March 2021 the Chancellor of the Exchequer announced that the Humber was to gain Freeport status. 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 … Read More