In an effort to boost Government revenue, and to assist members of the public, the Anguilla House of Assembly passed a motion on Tuesday, June 11, to reduce import duties on vehicles and parts including tyres.
The motion was introduced by Chief Minister and Minister of Finance, the Hon. Hubert Hughes, and was widely supported by both the Government and Opposition sides of the House.
The motion read as follows:
“WHEREAS the Government of Anguilla continues its pursuit of fiscal stability;
AND WHEREAS the Government of Anguilla is desirous of raising revenue and providing financial relief for purchasers by the implementation of a fifty percent (50%) reduction in duty on vehicles and vehicular parts including tyres;
“AND WHEREAS that reduction will include all vehicles, all vehicular parts and new vehicular tyres, motorcycles and all-terrain vehicles (ATVs);
“AND WHEREAS the present rate for the importation of taxis will also be cut by fifty percent (50%) for the same period;
“BE IT RESOLVED that the duty will then be 17.5% on the CIF plus 6% Customs Service Charge and will take effect from the date of approval in the House of Assembly up to and including January 1st 2014.”
This is the second time that import duty on vehicles was temporarily reduced.
Chief Minister Hughes also moved a motion regarding the development of the manufacturing business in Anguilla as a step towards diversifying the economy. The motion stated that the Executive Council had agreed to an initiative whereby duty concessions would be given on the importation of plant, machinery and raw materials to be used in the manufacturing industry. The facility is for a period of up to ten years.
