HCOTEG33250 – Relevant Law: Excise goods (holding, movement, warehousing and REDS) Regulations 1992
REDS is an acronym for Registered Excise Dealers and Shippers.
| Section | Section title | Summary and comments |
| 4 | Excise duty point | This is an extensive section but note 1B(f) states that the description of the duty point at 1A for “excise goods” does not relate to duty charged under the Hydrocarbon Oils Duties Act. |
| 5 | Person liable to pay the duty | |
| 6 | Time and method of payment of the duty | |
| 7 | Movement requirements | The importer must be REDS for the type of goods imported or they go into a warehouse approved for that type of goods or an “occasional importer”. |
| 8 | Holding excise goods in duty suspension and approval of the occupier etc of a tax warehouse. | …duty suspension can only be maintained in a tax warehouse (and these must be approved for the type of goods within them). |
| 9 | Moving excise goods in duty suspension. | This states where they can be moved to – e.g.: another warehouse/REDS/ Occasional Importer/export/ships stores/Isle of Man |
| 10 | Movement conditions | Covers packaging, documentation movement guarantees, prior knowledge and prior notification. Oils moving by ship or pipeline in bulk are exempt from the guarantee requirement |
| 11 | Accompanying document and certificate of receipt | Who does what where and when with the AAD. |
| 12 | Conditions of registration as a REDS | Includes ban on REDS holding or consigning goods under duty suspension. |
| 13 | Acting as a tax representative | Buyers under distance selling arrangements must be REDs or be represented by a REDs agent for duty accounting purposes. |
| 14 | Accounting for duty | When due, how paid and with what conditions and documentation. |
| 15 | Approval and requirements | …for occasional importers (C&E 1165 procedures). |
| 16 | forfeiture of excise goods on which the duty has not been paid |
