Commentary

V17.159 Customs guarantees

Part V17 Customs duties

V17.159 Customs guarantees

V17.159 Customs guarantees

Brexit note: This paragraph is under review and is subject to further updates. The information provided in this section is presented as it stood prior to the UK leaving the EU unless otherwise indicated. Updates are dependent on any legislation that is introduced by the UK Government.

Customs guarantees are required for a variety of customs procedures such as:

  1.  

    •     inward processing relief

  2.  

    •     outward processing relief with prior importation

  3.  

    •     most temporary admissions

  4.  

    •     end use relief

  5.  

    •     temporary storage, and

  6.  

    •     customs warehousing

At the end of the Brexit transition period, in most cases you will not need a guarantee to cover your customs duty and import VAT will not normally be required to get full authorisation for the above. HMRC has indicated that it will provide 12 months notice before reintroducing guarantees. HMRC may, in some instances,

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