Measure
The government will legislate to make a minor technical amendment to temporary approvals which are given to a business seeking a review or appealing against HMRC’s decision to revoke certain excise approvals.
Any businesses or person subject to having an excise approval revoked by HMRC.
The change will take effect from Royal Assent of the Spring Finance Bill 2023.
This measure will provide additional flexibility to businesses that have had an excise approval revoked by HMRC during the review and appeal process, allowing it to continue trading and legally dispose of stock without incurring a penalty.
The government cite this measure as a solution to prevent businesses suffering significant losses in revenue and potentially going out of business whilst waiting for an appeal to be heard.