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

Calculating the amount of security: power to determine the amount of security

## Relevant tax ## Law
   
VAT Paragraph 4(4) of Schedule 11 to the Value Added Tax Act 1994, see SG15135 
Landfill Tax Paragraph 31 of Schedule 5 to the Finance Act 1996, see SG15340 
Aggregates Levy Section 26(2) of the Finance Act 2001, see SG15430 
Climate Change Levy Paragraph 139(2) of Schedule 6 to the Finance Act 2000, see SG15530 
Insurance Premium Tax Paragraph 24 of Schedule 7 to the Finance Act 1994, see SG15640 
Pay As You Earn Regulation 97N Income Tax (Pay As You Earn) Regulations 2003 (SI 2003/2682), see SG15000 
Class 1/1A NICs Regulation 29N The Social Security (Contributions) (Amendment No. 3) Regulations 2012, see SG15000 

The amount of security we may require is not restricted in law, but it must be reasonable and in proportion to the risk to the revenue.