21 June 2023
Portsmouth can now operate as a fully functioning Freeport, following approval for a customs site at Portsmouth International Port, which will be operated by Portico. This will complement the tax site at Portsmouth City Council's Dunsbury Park business development. Portsmouth met HMRC's designation order conditions, which means Freeport customs site activities can be carried out within a specified area at the port. Authorised businesses can import certain goods to the port's customs site with simplified customs documentation, and without paying tariffs. Also, authorised businesses...
