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

HMRC internal manual

Securities Guidance

From
HM Revenue & Customs
Updated
, see all updates

Security for tax at risk of being unpaid: monitoring compliance: power to direct a person to make monthly returns

We have the power to direct a person to make monthly returns in VAT and environmental tax cases. There is no power to do this in PAYE/NICs cases.

We can require security at the same time that we direct a person to make monthly returns.

A person can also request that they be allowed to make monthly returns.

Relevant tax Law
   
VAT Paragraph 2(1) of Schedule 11 to the Value Added Tax Act 1994 and the Value Added Tax Regulations 1995 Regulation 25(1)(a) SI 1995 2518, see SG15170.
Landfill Tax Section 49 Finance Act 1996 and the Landfill Tax Regulations 1996 Regulation 11(3)(a) and (b) SI 1996 1257, see SG15370.
Aggregates Levy Section 25(1)(b) of the Finance Act 2001, and The Aggregates Levy (General) Regulations 2002) Regulation 5(4) SI 2002/761, see SG15460.
Climate Change Levy Paragraph 4(1)(b) of Schedule 6 to the Finance Act 2000, and the Climate Change Levy (General) Regulations 2001) Regulation 3(4) SI 2001/838, see SG15560.
Insurance Premium Tax Section 54(b) of the Finance Act 1994, and the Insurance Premium Tax Regulations 1994) Regulation 12(4)(a) and (b) SI 1994/1774, see SG15670.