HMRC has announced that from 15 June 2007, if you are travelling to or from a country outside the European Union (EU), you will need to declare any sums of cash of 10,000 Euro or more (or the equivalent in another currency) to HM Revenue & Customs (HMRC).
The relevant forms to make the disclosure are available at airports and ports, but the term cash covers:
- currency notes and coins
- bankers drafts
- cheques of any kind, including travellers cheques.
Officers will only seize cash if they have reasonable grounds to suspect it is the proceeds of, or is intended for use in, unlawful conduct.
Seized cash cannot be kept for more than 48 hours without a court order (not including public holidays and weekends).
A court may order seized cash to be:
- detained while investiga...