Elspeth Moncrieff

1 month ago | theartnewspaper.com | Sarah P. Hanson |Kabir Jhala |Elspeth Moncrieff |Anny Shaw

In a move expected to boost the ailing British art market, the UK Treasury has extended the period during which fine art and antiques from overseas can come into the country free of import duties. Goods can now remain in the UK under Temporary Admission (TA) for four years, rather than two, the exchequer secretary James Murray announced on 11 March alongside a raft of other business policy changes.