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HMRC internal manual

Debt Management and Banking Manual

HM Revenue & Customs
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Enforcement action: taking control of goods (TCoG): taking control of securities and co-owned goods

Taking control of securities

Securities can include:

  • bills of exchange
  • promissory notes
  • bonds
  • specialities and securities for money.

If you intend to seize any securities, you should contact your manager.

Co-owned goods

Under TCoG co-owned goods can be seized. Additional actions are required where co-owned goods are taken under control. So, if you seize co-owned goods then as well as providing the co-owner with the inventory of goods and notice after entry, you must also ensure that where appropriate they receive copies of the valuation and notice of sale.