Employers and traders, HM Revenue and Customs (HMRC) may ask for a deposit or bond.
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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.
28 December 2012
HM Revenue & Customs
HM Revenue and Customs: leaflets, factsheets and booklets
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