The Temporary Admission (TA) Customs regime (also known as temporary importation or TI) has long been taken advantage of by non-EU flagged yachts entering the Customs Territory of the Union (CTU). The TA regime allows yachts to enjoy total relief from import duties and be exempt from VAT on imports in Spain and other EU Member States. The entry of the new Union Customs Code in January 2016, however, threatened to alter the process under which yachts qualify for the regime.

In the article published by SuperyachtNews (it can be accessed in this link) our partner Miguel Angel Serra examines how the requirements have been affected in Spain.