Teesside Freeport

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Alongside globally and nationally significant developments such as Teesworks, Teesport and Wilton International, the airport and business park forms part of Teesside Freeport.

Freeports are secure customs zones where business can be carried out inside a country’s land border, but where different customs rules apply. They can reduce administrative burdens and tariff controls, provide relief from duties and import taxes, and ease tax and planning regulations.

Investors operating within Teesside Freeport’s customs zones will receive a range of tariff benefits, including duty deferral while the goods remain on-site. They will also be able to suspend import VAT on goods entering the customs zone. Businesses can also manufacture goods using the imports and add value, before exporting to international markets, without ever paying the full tariff on the original goods.

Declarations are simplified to reduce the administrative burden of moving goods into a Freeport and when allowing goods to be cleared to leave a port.

Teesside International Airport forms part of Teesside Freeport
The UK’s largest and first operational Freeport
Reduced administrative burdens and tariff controls
Eased tax and planning regulations

Duty Benefits

Duty Suspension

No import duty paid on non-GB goods brought into the Freeport until they enter the GB domestic market.

Duty Flexibility

When declaring goods to GB market, ability to calculate import duties based on value of imports or finished product (whichever is most beneficial).

Duty Exemption for re-exports

Unless subject to duty clawback under a Free Trade Agreement (FTA), no import duty paid.