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HMRC internal manual

Customs Authorisation and Approval

Guarantee Requirements for Customs Authorisations and Approvals: Approved Guarantors

Section 9 of the Tax Accounting manual, A1-2, financial securities, sets out Departmental policy on the approval of guarantors.

Guarantees for customs duties and other charges may only be accepted from an approved guarantor.

These are listed in the Departmental Approved Guarantor list.  This list main be found here: Approved Financial Institutions A to Z.

HMRC will not accept guarantees from institutions not included on this list.  Article 94(3) provides for member states to refuse to authorise a guarantor where it is not certain to provide adequate protection for the revenue.