SPE15070 - Duty management and closing stock balance systems: reviewing the closing stock balance system

Note: This manual is under review following Brexit and is likely to be withdrawn.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.

You should as part of your assurance activity test the interfaces and reconciliations between the inventory system and the Customs Freight Simplified Procedure (CFSP) messaging system. You should also ensure that if any new contracts for the storage of different goods to those covered by the authorisation are taken on they can be covered by the authorised inventory system. Where a warehouse keeper has been authorised to use a closing stock balance system that is found to no longer meet the criteria detailed at SPE15060, your should immediately contact your authorising office for advice on the action to be taken.

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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