Goods imported from outside the EU are subject to import duty tax on arrival into the UK and this payment is usually due immediately. However, a Duty Deferment, Customs Bond or Movement Guarantee Bond allows importers to defer this payment for up to 45 days, providing greater flexibility and a cash flow advantage.

Applicant/risk

• Importers and freight forwarders (e.g. food, alcohol and clothing).

Beneficiary

• HM Revenue and Customs.