Employers and traders, HM Revenue and Customs (HMRC) may ask for a deposit or bond.
HMRC can ask you to pay a cash deposit or bond if they think there’s a risk you won’t pay your tax or duty on time. They call this a ‘security’. If you don’t pay your bill HMRC can use the security to settle it.
Published: 7 July 2014
Updated: 27 June 2017
- Updated the guidance on how to give HM Revenue and Customs a security by making a payment.
- First published.