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HMRC internal manual

Tobacco Products Duty

Security: physical and financial: Financial Security: level of movement guarantees required of tobacco manufacturers established for at least 2 years but less than 4 years.

Manufacturers who have provided security for duty suspended movements for the previous two or three consecutive years will normally only be required to provide 50% (subject to aminimum amount of £20,000) of the level of security shown in the table (applicable to manufacturers established for less than 2 years) below. You may allow this reduced level of guarantee provided that:

  • there has been no claim against the security which they have provided; and
  • no significant irregularity has been identified in respect of movements covered by the security.

You may require a higher level of movement guarantee if you believe that there are risks associated with the trader or movements beyond the norm for the regime. You should discuss and agree such additional security requirements with the CCM and advise both the Tobacco Team and the Holding and Movements Team.