Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Duty Free Spirits Guidance

HM Revenue & Customs
, see all updates

Technical Guidance: How are losses treated?

The trader must record:

  • losses in storage;
  • accidental losses in processes;
  • investigations into the losses, including any management decisions taken; and
  • report more serious losses and deficiencies.

You should agree with the trader a level at which a loss should be reported. Obviously,a large loss for one company will be negligible for another.

Any losses for which the trader cannot provide a satisfactory explanation will beliable to duty (see DFS3050 and DFS3060)