SG15135 - Introduction and the law: the law on security: Value Added Tax: power to determine the amount and form of security

Paragraph 4(4) of Schedule 11 to the VAT Act 1994 gives us the power to decide how much we will require from the taxable person in security, and what form it should take it provides

4(4) Security under sub-paragraph (2) above shall be of such amount, and shall be given in such manner, as the Commissioners may determine.