This authorisation allows artworks owned by members of the art hub to be imported to the South Kensington venue with a suspension of import VAT as long as the works remain on-site.
Craig Wilson, Cromwell Place’s head of logistics, said: “The authorisation covers our art storage facility and viewing rooms, and allows us to import artworks from outside the UK on behalf of our members while allowing them to defer the payment of UK import taxes for an indefinite amount of time. This is particularly useful for members who might need to store works for longer periods of time before an exhibition or sale.
“Alongside our Full Temporary Admission and NIRU authorisations [other import procedures] it means we can offer members a full suite of customs special procedures to ensure they can import artworks in the best possible way to suit their needs.”
The complex of Cromwell Place comprises five Grade II-listed townhouses with 14 gallery spaces, office space, meeting rooms, viewing rooms, open desks and storage facilities. The venue will reopen from May 19 with a new programme of events and exhibitions.