Customs guarantees are required for a variety of customs procedures such as:

1. 听

   鈥⑻� inward processing procedure

2. 听

   鈥⑻� outward processing relief with prior importation

3. 听

   鈥⑻� most temporary admissions

4. 听

   鈥⑻� end use relief

5. 听

   鈥⑻� temporary storage, and

6. 听

   鈥⑻� customs warehousing

At the end of the Brexit transition period, in most cases you will not need a guarantee to cover your customs duty and import VAT will not normally be required to get full authorisation for the above. HMRC has indicated that it will provide 12 months' notice before reintroducing guarantees. HMRC may, in some instances, seek a guarantee when a business applies or reapplies for a special procedure, in particular when a business has

1. 听

   鈥⑻� overdue tax returns

2. 听

   鈥⑻� not paid tax or duties, or

3. 听

   鈥⑻� breached the terms of any special procedure authorisation

Further information on guarantees after Brexit can be found in the HMRC guidance: Check if you need a customs guarantee.

The guarantee is an agreement