Apr 20 2016

Attention all importers – changes to HMRC duty guarantee requirements

All companies who import goods into the UK need to be aware of changes to the rules governing HMRC duty guarantees.

As a consequence of the Union Customs Code (UCC) there is a requirement for a Customs Comprehensive Guarantee (CCG) to be put in place with effect from the 1st May 2016.

The CCG is a customs decision under the UCC and covers both potential and actual debts and the amount of the guarantee required will be agreed by HMRC and will include a total reference amount to account for :

  • Duty Deferment
  • SIVA
  • Excise – only if part of international trade activities
  • Potential debts applied to any special procedures (currently called CPEI – Customs Procedures with Economic Impact)
  • Temporary storage facilities
  • Goods declared using a CFSP Declaration

Generally speaking, the new legislation will allow, where appropriate, for businesses to continue with any current arrangements until the 1st May 2019 assuming that they do not make any substantive changes to a current guarantee of deferment account. By the 1st May 2019 these companies will need to have put in place the new CCG. For all other companies; estimated to be between 11,000-12,000, any new authorisations and approvals will be dealt with under the new rules and companies will be required to provide a guarantee immediately for :

  • Inward Processing (IP)
  • Outward Processing (OP) with prior importation
  • Temporary Admissions where the UCC does not provide for an outright guarantee or admission
  • End use
  • Temporary storage
  • Customs warehousing

If you wish to arrange a CCG then please contact either of Henderson Surety Services’s offices :

Manchester – 0161 830 1888

London – 0207 280 0913

Or at info@hendersonsuretyservices.co.uk