SPE15040 - Duty management and closing stock balance systems: closing stock balance

Note: This manual is under review following Brexit and is likely to be withdrawn. If there is anything within this manual you use regularly, please email hmrcmanualsteam@hmrc.gov.uk to let us know. Please check the other guidance available on GOV.UK from HMRC.

The closing stock balance system is one particular type of duty management system, provided by software suppliers to be used by warehouse keepers in administering control of their customs warehouse stock and to enable Customs Freight Simplified Procedures (CFSP) declarations to be made to HMRC. It is usually interfaced with the warehouse keepers own commercial records.

Note: Northern Ireland (NI) customs authorisations will continue to fall within the provisions of the Union Customs Code (UCC), as retained by the European Union (Withdrawal) Act 2018 and CEMA 1979.

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