Guarantee Requirements for Customs Authorisations and Approvals: Taxes and Charges to be included in the Guarantee
Unless authorisations are held for Simplified Import VAT Accounting (SIVA) and Excise Payment Security System (EPSS), the deferment account guarantee will need to cover these charges where payable.
Guarantees for transit movements will need to cover all duties and charges applicable to the goods.
Guarantees to cover an authorisation or approval that will be used in more than one EU Member State will need to cover all duties and charges applicable to the goods.
Guarantees to cover an authorisation or approval that will only be used in the UK will only need to include Import VAT in the guarantee in the following circumstances, where:
· The authorisation or approval holder is not established in the EU
· The guarantee is being used for a simplified authorisation (e.g., old style simplified CPEI (one-off inward processing), now known as ‘authorisation on a customs declaration’ or
· Non-compliance has been identified.