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HMRC internal manual

Tobacco Products Duty

Security: physical and financial: Financial Security: level of premises guarantees required of tobacco manufacturers established for between 2 and 4 years

In the case of manufacturers who currently manufacture tobacco products and:

  • have occupied registered premises, whether or not they have been required to provide premises security, for less than four years but more than two consecutive years;
  • there has not been any claim against any security which they have provided; and
  • no significant irregularities have been identified in respect of the operation of those premises;

the level of security required will normally be half that shown in the table (applicable to manufacturers established for less than 2 years) below. If, however, the resultant premises guarantee would be less than £100,000, no premises guarantee is required.

You may require a higher level of premises security (guarantee) if you believe that there are greater risks associated with the trader or premises concerned. You should discuss and agree such additional security requirements with the CCM and advise the Tobacco Policy Team accordingly.