UK visitors face HMRC currency declaration

A new EU anti-money laundering drive has come into effect, which will mean
travellers entering the UK with more than 10,000 euros in currency will have to
make a declaration to HM Revenue & Customs at the place of their departure,
or arrival in the UK.

Under the EU Cash Declaration Scheme, travellers will have to fill in a form
available at ports or airports, or on HMRC’s website.

They could face a
of up to £5,000
if they fail to comply with the obligation to
declare or provide incorrect or incomplete information.

Dave Humphries, head of criminal and enforcement policy at HMRC, said: ‘The
declaration system is one means of providing information to assist HMRC in
targeting movements of criminal cash more effectively.’

Further reading:

HMRC’s press release

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