special territories

special territories
Countries or areas that are effectively part of the customs territory of the EU but not part of the fiscal (excise duty and VAT) territory. Goods imported from these territories are liable to VAT and excise duty (if appropriate) unless they are eligible for a relief. These territories are: the Aland Islands; the Canary Islands; the Channel Islands; French Guiana; Guadeloupe; Martinique; Mount Athos and Reunion. HM Customs & Revenue Glossary

Financial and business terms. 2012.

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