Teesside-2
Join Date: May 2017
Location: Teesside
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So Teesside Airport now comes under Freeport status. Have to admit, not too sure what this all entails but should now mean the prospect of increased freight through Teesside?
Join Date: Mar 2013
Location: UK
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January CAA stats:
Terminal passengers: 697 - down 93% v prior year.
Terminal passengers: 697 - down 93% v prior year.
- Aberdeen: 547
- Belfast City: 19
- London Heathrow: 27
- Norwich: 72
- Farnborough: 30
Buster the Bear
Goods are tariff free until they leave the freeport. Not sure how this impacts on the airport, although there are tax breaks for development within the freeport etc. Seem to work best when they encourage the import of raw materials which are then processed in the freeport and then re-exported or imported as a finished products. The counter arguement is that they don't generate growth as existing business just hops over the fence into the lower tax area. Not sure how this benefits the airport (but clearly also isn't a bad thing)
Also, PMI no longer seems to be bookable for winter?
Goods are tariff free until they leave the freeport. Not sure how this impacts on the airport, although there are tax breaks for development within the freeport etc. Seem to work best when they encourage the import of raw materials which are then processed in the freeport and then re-exported or imported as a finished products. The counter arguement is that they don't generate growth as existing business just hops over the fence into the lower tax area. Not sure how this benefits the airport (but clearly also isn't a bad thing)
Also, PMI no longer seems to be bookable for winter?
Join Date: Sep 2007
Location: Durham
Age: 79
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SWBKCB
So how would this affect, say the likes of Amazon? They import goods, re-package them and sell them on. Obviously any increased movements at the airport would be good and might even tempt TNT back.
So how would this affect, say the likes of Amazon? They import goods, re-package them and sell them on. Obviously any increased movements at the airport would be good and might even tempt TNT back.
Join Date: Jul 2003
Location: North East
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oldart
In theory they could operate as a Customs Warehouse.
in which case they could import and store goods duty and VAT free until removal. If removed for export to outside the UK duty and VAT wouldnt be paid. On removals to the UK the duty and VAT is paid.
IP (inward processing) or End Use traders are the real catch.
The advantages of a free port already exist in single applications for the likes of CW, IP and End use.
All free ports do is bring those advantages into a defined zone, on a simplistic level.
In theory they could operate as a Customs Warehouse.
in which case they could import and store goods duty and VAT free until removal. If removed for export to outside the UK duty and VAT wouldnt be paid. On removals to the UK the duty and VAT is paid.
IP (inward processing) or End Use traders are the real catch.
The advantages of a free port already exist in single applications for the likes of CW, IP and End use.
All free ports do is bring those advantages into a defined zone, on a simplistic level.
Sorry ..is it the port or the airport some miles away that is the Freeport?
My thought is the airport will have problems filling the new business park south side as new inward companies will locate to the Freeport where they will benefit massively.
If anything it’s a threat not an advantage to TIA ?
My thought is the airport will have problems filling the new business park south side as new inward companies will locate to the Freeport where they will benefit massively.
If anything it’s a threat not an advantage to TIA ?
