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HMRC internal manual

Excise Due Diligence Condition guidance

Compliance visit: risks: terms of contract, payment and credit agreements

  • a supplier or customer insists on dealing in cash, especially where the deal is a high value one
  • cash payments are made using money couriers
  • offers of credit appear to be outside normal business practice. Where payment terms are normally 21, 31 or 45 days, high risk transactions may have payment terms for periods as short as 48 hours
  • a seller requests the buyer to make payment to an account/person which does not appear to be linked to the seller, or other unusual payment arrangements are identified
  • a valid pro-forma or purchase invoice is not/will not be provided
  • the circumstances of the trading arrangement seem false or contrived, for example, a supplier provides the registered person with the details of a customer for the goods, or offers the registered person with a contract with no financial loss to him