As part of the modernized Union Customs Code, the Shannon Free Zone will cease to exist for customs purposes from May 2016. This will have a huge impact on traders unless action is taken in advance to implement new procedures.
Revenue has written to all traders advising them of the change in status from 2016. Businesses inside the Free Zone will no longer be able to import into Ireland from outside Europe without lodging a formal customs declarations. Traders wishing to maintain their duty suspension benefits they need to start considering applying for alternative customs suspension procedures.
For more information on how this may impact your company, please contact Revenue. Should your members have any queries regarding the implications of the end of the Free Zone, please contact email@example.com.