VPDS125000 - Vaping Products Duty and Vaping Duty Stamps: Uk representative for duty stamps: Maximum number of stamps that can be held
A trader or overseas trader who wishes to affix duty stamps to vaping products will have an imposed limit of how many stamps they may obtain in a fixed period. A trader or UK representative may make a written request to exceed this number if they need more stamps. Likewise, HMRC may vary the time limit or number of stamps that a trader can acquire. This will be the total number of stamps they are permitted to acquire in a three-month period.
(This content has been withheld because of exemptions in the Freedom of Information Act 2000)
If you are of the opinion that the number of stamps requested is too high and unsupported by the evidence, then you can impose a lower amount, however you should engage with the trader to explain why this is your decision and try to come to an agreement. You should bear in mind that this is a relevant decision and therefore subject to the appeal process should the trader disagree with your conclusion.
For UK Representatives, the number of stamps stated on the approval letter will be for the total amount they are authorised to receive across all the overseas manufacturers that they represent. For example, if they represent 5 overseas manufacturers, each with a throughput of 350,000 per quarter, then the UK duty representative’s approval letter will state they are entitled to 1,750,000 stamps as a whole, per quarter.
Any levels imposed must only be in multiples of 1,000.
It is important to note that stamp purchase limits apply to all approved business, not just overseas ones.