HMRC has published guidance on providing financial guarantees for transit movements, covering the types of guarantee available, what costs they protect, territorial scope of liability, duration of coverage, and procedures for notifying HMRC of any changes to guarantee arrangements. This information is essential for organisations that need to secure transit movements across customs territories. The guidance clarifies the conditions under which guarantors remain liable and the process for updating guarantee details with HMRC.
Source: HMRC (GOV.UK) – Read the original