Measure
The government will legislate to enable traders to request a review of, or appeal against, a decision by HMRC to require a financial guarantee as a condition of releasing imported goods from customs control. This is in circumstances where the amount of duty due is not clear at the point when a customs declaration is accepted by HMRC.
The measure also brings the legislation relating to these guarantees within the framework of legislation covering other forms of customs guarantee.
UK Importers.
The government will legislate in the Spring Finance Bill 2023 and this will apply from the date of Royal Assent.
The aim of this policy is to ensure that traders are granted the right of review and appeal in scenarios where HMRC make the release of goods conditional upon the provision of a financial guarantee.
This right was granted to traders importing into the UK under EU legislation prior to Brexit. The legislation will restore this right.