Carrying Cash In And Out Of the UK
HM Revenue & Customs (HMRC) announced a new regulation in relation to cash that you may be taking out of, or bringing into, the UK.Before 15 June 2007, there is no legal requirement to declare the cash that you are carrying when you enter or leave the UK, whatever the amount or currency.
However, as from that date if you are arriving directly from, or are travelling directly to, a country outside the European Union (EU)1, and are carrying 10,000 euros or more or the equivalent amount in another currency, you must complete a cash declaration form. These will be available at the port or airport of your entry to, or departure from, the UK. Please read the form carefully before filling it in. You will be liable to financial penalties if you fail to comply with the obligation to declare or provide incomplete or incorrect information.
There will continue to be no requirement to declare your cash if you are travelling to, or are arriving from another EU country. Whether or not you are required to make a declaration, you must answer any questions that an HMRC officer may put to you about the cash that you are carrying.
However, as with cash found by HMRC or police officers at any place within the UK, if it amounts to £1000 or more (or the equivalent in other currencies), it may be seized if the officer has reasonable grounds to suspect that it is either the proceeds of, or is intended for use in unlawful conduct. Without a court order, seized cash cannot be detained for more than 48 hours (not including weekends and Public Holidays).
A court may order seized cash to be:
Further detained whilst its origin and intended use are investigated, and
Forfeited permanently if satisfied from the investigation that it is associated with criminal activity.
If your cash is seized, you will be given information on how to appeal against its subsequent detention and/or forfeiture. Cash not only means currency notes and coins but also bankers’ drafts and cheques of any kind(including travellers cheque). THY has reported online. Altinkum Didim Akbuk News
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