Section 157 Bonds and security.

United Kingdom

(1)

Without prejudice to any express requirement as to security contained in the customs and excise Acts, the Commissioners may, if they see fit, require any person to give security F1(or further security) by bond, guarantee or otherwise for the observance of any condition in connection with customs or excise.

F2(1A)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2)

Any bond F3, guarantee or other security taken for the purposes of any assigned matter—

(a)

shall be taken F4on behalf of Her Majesty; and

(b)

shall be valid notwithstanding that it is entered into by a person under full age; and

(c)

may be cancelled at any time by or by order of the Commissioners.

F5...

Annotations

Textual amendments

F1: Words in s. 157(1) substituted (28.7.2000) by 2000 c. 17, s. 27(1)(2)
F2: S. 157(1A) omitted (31.12.2020) by virtue of Taxation (Cross-border Trade) Act 2018 (c. 22), s. 57(3), Sch. 9 para. 3(2) (with savings and transitional provisions in 2020 c. 26, Sch. 2 para. 7(7)-(9)); S.I. 2020/1642, reg. 4(c)
F3: Words in s. 157(2) inserted (28.7.2000) by 2000 c. 17, s. 27(1)(4)
F4: Words in s. 157(2)(a) substituted (31.12.2020) by Taxation (Cross-border Trade) Act 2018 (c. 22), s. 57(3), Sch. 9 para. 3(3)(a) (with savings and transitional provisions in 2020 c. 26, Sch. 2 para. 7(7)-(9)); S.I. 2020/1642, reg. 4(c)
F5: Words in s. 157(2) omitted (31.12.2020) by virtue of Taxation (Cross-border Trade) Act 2018 (c. 22), s. 57(3), Sch. 9 para. 3(3)(b) (with savings and transitional provisions in 2020 c. 26, Sch. 2 para. 7(7)-(9)); S.I. 2020/1642, reg. 4(c)

Notes on Part XII

Modifications

C1: Pt. XII amended by Customs and Excise Duties (General Reliefs) Act 1979 (c. 3), s. 15(4)