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Check the amount of guarantee you need for transit movements

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Check the amount of guarantee you need for transit movements

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Why you need a guarantee and how to work out how much guarantee you need to cover your movements.

Why you need a guarantee

If you move goods using transit then duties are suspended until they reach their destination. You are responsible for the duties being suspended until the transit movement is correctly closed.

An HMRC approved guarantee is needed for transit movements to cover any potential debts that may arise from:

  • customs import duties
  • import VAT
  • excise duties

The guarantee provides security for any duties you may become liable for if your movements are not discharged properly. This debt is not chargeable if movements are closed properly at their destination.

Check if you need a Customs Comprehensive Guarantee

A Customs Comprehensive Guarantee( CCG) is a guarantee you can use to cover multiple transit movements.

You must have a CCG for transit in place if you:

  • move goods under transit more than 3 times in a 12 month period

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