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HMRC internal manual

Holding and Movements - Financial Securities Assurance

Premises guarantees: Who must provide a premises guarantee?

Warehousekeepers are normally required to provide financial security for goods held induty suspension within their warehouse. The size of the guarantee relates to the potentialduty due on the warehouses average end of the month stock calculated over a 12 monthperiod, with allowances made for seasonal variations. Forecast throughput level is usedfor new warehouses. In some cases we may allow a reduction in the amount of premisesfinancial security required. Further details can be found at HMOWTR3300.