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HMRC internal manual

Tobacco Products Duty

Security: physical and financial: Pro-forma letter advising the guarantor of a guarantee that the guarantee is to be lapsed

[Name of guarantor i.e. the financial institution underwriting the guarantee]

Dear Sir or Madam

LAPSING OF GUARANTEE REFERENCE NUMBER: [insert reference number of guarantee]

Please be advised that the following guarantee, for which you are the Guarantor, will be lapsed with effect from [insert date of lapsing].

Guarantee reference: [insert number]

Dated: [insert date]

Principal: [insert name and address of principal]


The above security cannot be used for any operation commencing on or after [insert date of lapsing]. Although the security is being lapsed, your responsibility in respect of operations begun before the date of lapsing remains until such time as the guarantee is cancelled.

Notification of the cancellation of the guarantee will be forwarded in due course. If you have not received notification of the cancellation of the guarantee within 12 months of the date of this letter, please contact this office.

The Principal is being advised of the lapsing of the above named guarantee.

Yours faithfully,