A new EU law on travellers declaring cash takes effect from 15 June 2007.
From that date, people who are either entering the UK from a non-EU country, or are travelling from the UK to a non-EU country and are carrying 10,000 Euros or more (or the equivalent in other currencies) will be required to declare the cash to HMRC at the place of their departure from, or arrival in, the UK."Cash" includes currency notes and coins, and bankers' drafts and cheques of any kind (including travellers' cheques).
Forms on which to make the declaration will be available at ports or airports and will also be downloadable from the HMRC internet site. Travellers could face a penalty of up to £5,000 if they fail to comply with the obligation to declare or provide incorrect or incomplete information.
The declaration form will be produced with a carbon backed top copy so as to allow travellers to have a duplicate, which officers of HMRC may ask them to produce as evidence of having made a declaration.
There will still be no declaration required for people travelling between the UK and other EU countries.
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