HMRA2110 - General information: Are there any additional approval/registration requirements?

During the registration, consideration should be given to all mandatory registration conditions; where there is likelihood that one will fail, the approval should not be granted. Approval conditions include:

• a warehousekeeper wishing to operate scheduling arrangements must be separately approved to account for duty under the duty deferment system;
• new warehouses must be covered by a financial premises guarantee provided by a recognised financial institution;
• goods released in duty suspension must be covered by an adequate movement guarantee, guaranteed by the owner, warehousekeeper or transporter and provided by a recognised financial institution.
• a REDS must be VAT registered - Revenue and Customs will normally register a person for VAT purposes, provided that the person can demonstrate they are making, or intend to make, taxable supplies; in addition, the REDS, if applying to be a principal, principal/agent or duty representative, must be approved to operate within the deferment system.

Achieving VAT registration, or duty deferment approval or having financial security in place is not, in itself, a recommendation that the person is ‘fit and proper’ to operate an excise business.