OpenLegislation

Regulation 98 Specified amountC1C2C3C4I1I2

United Kingdom

(1)

F1Subject to paragraph (1A) the specified amount is—

(a)

in relation to a single guarantee, the maximum amount of import duty that is likely to be payable in respect of the particular goods declared for a Customs procedure; or

(b)

in relation to a comprehensive guarantee, the maximum amount of import duty F2and duty under section 30C of the Act that is likely to be payable in any calendar month for which the guarantee subsists, having regard to the business of the person authorised to give the guarantee, in particular in relation to goods imported into the United Kingdom F3and goods removed from Northern Ireland to Great Britain in the previous 12 months and proposed importations F4and removals from Northern Ireland to Great Britain in the next 12 months.

F5(1A)

F6Other than in relation to a guarantee given in accordance with paragraph 17(5B) of Schedule 1 to the Act, where a person is approved to defer payment of liability to import duty under regulation 43(5) or (8) the specified amount is reduced by the amount of liability to import duty to which the approval relates.

(1B)

In paragraph (1A) reference to duty to which the approval relates has the same meaning as in regulation 43(15)(b).

(2)

F7... If the amount of the liability or potential liability to import duty F8or duty under section 30C of the Act exceeds the specified amount of the guarantee, the person liable or potentially liable to that import duty or duty under section 30C of the Act must notify HMRC as soon as practicable on becoming aware of the shortfall.

F9(2A)

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

C5(3)

HMRC may by notice to the person required to give the guarantee in respect of a liability to import duty, amend the specified amount with effect from a date specified in the notice but not less than 15 days from the date the notice is given.

Annotations

Textual amendments

F1

Words in reg. 98(1) inserted (31.12.2020) by The Customs (Bulk Customs Declaration and Miscellaneous Amendments) (EU Exit) Regulations 2020 (S.I. 2020/967), regs. 1(2), 7(10)(a); S.I. 2020/1643, reg. 2, Sch.

F2

Words in reg. 98(1)(b) inserted (31.12.2020) by The Customs (Northern Ireland) (EU Exit) Regulations 2020 (S.I. 2020/1605), regs. 1(1), 37(7)(a)(i); S.I. 2020/1643, reg. 2, Sch.

F3

Words in reg. 98(1)(b) inserted (31.12.2020) by The Customs (Northern Ireland) (EU Exit) Regulations 2020 (S.I. 2020/1605), regs. 1(1), 37(7)(a)(ii); S.I. 2020/1643, reg. 2, Sch.

F4

Words in reg. 98(1)(b) inserted (31.12.2020) by The Customs (Northern Ireland) (EU Exit) Regulations 2020 (S.I. 2020/1605), regs. 1(1), 37(7)(a)(iii); S.I. 2020/1643, reg. 2, Sch.

F5

Reg. 98(1A)(1B) inserted (31.12.2020) by The Customs (Bulk Customs Declaration and Miscellaneous Amendments) (EU Exit) Regulations 2020 (S.I. 2020/967), regs. 1(2), 7(10)(b); S.I. 2020/1643, reg. 2, Sch.

F6

Words in reg. 98(1A) substituted (8.8.2023) by The Customs (Import Duty) (EU Exit) (Amendment) Regulations 2023 (S.I. 2023/811), regs. 1(2), 2(2)

F7

Words in reg. 98(2) omitted (31.12.2020) by virtue of The Customs and Excise (Miscellaneous Provisions and Amendments) (EU Exit) Regulations 2019 (S.I. 2019/1215), regs. 1(2), 11(17)(a); S.I. 2020/1643, reg. 2, Sch.

F8

Words in reg. 98(2) inserted (31.12.2020) by The Customs (Northern Ireland) (EU Exit) Regulations 2020 (S.I. 2020/1605), regs. 1(1), 37(7)(b); S.I. 2020/1643, reg. 2, Sch.

F9

Reg. 98(2A) omitted (31.12.2020) by virtue of The Customs and Excise (Miscellaneous Provisions and Amendments) (EU Exit) Regulations 2019 (S.I. 2019/1215), regs. 1(2), 11(17)(b); S.I. 2020/1643, reg. 2, Sch.

Modifications

C1

Pt. 10 modified (31.12.2020) by S.I. 2018/1247, Sch. 2 para. 6 (as inserted by The Customs and Excise (Miscellaneous Provisions and Amendments) (EU Exit) Regulations 2019 (S.I. 2019/1215), regs. 1(2), 10(4); S.I. 2020/1643, reg. 2, Sch.)

C2

Pts. 1-10 applied (with modifications) (31.12.2020) by The Customs (Northern Ireland) (EU Exit) Regulations 2020 (S.I. 2020/1605), regs. 1(1), 32; S.I. 2020/1643, reg. 2, Sch.

C3

Pt. 10 modified (31.12.2020) by S.I. 2018/1258, Sch. 3 para. 4(1C) (as inserted by The Customs and Excise (Miscellaneous Provisions and Amendments) (EU Exit) Regulations 2019 (S.I. 2019/1215), regs. 1(2), 13(3)(a)(ii); S.I. 2020/1643, reg. 2, Sch.)

C4

Pt. 10 modified (31.12.2020) by S.I. 2018/1249, reg. 4(3) (as inserted by The Customs and Excise (Miscellaneous Provisions and Amendments) (EU Exit) Regulations 2019 (S.I. 2019/1215), regs. 1(2), 12(2)(e); S.I. 2020/1643, reg. 2, Sch.)

C5

Reg. 98(3) revocation of earlier affecting provision S.I. 2019/326, reg. 12(2)(c)(d) (29.10.2020) by The Customs (Transitional Arrangements) (EU Exit) Regulations 2020 (S.I. 2020/1088), regs. 1(3), 6(4)(a)(b)

Commencement

I1

Reg. 98 in force at 2.1.2019 for specified purposes, see reg. 1(4)(d)

I2

Reg. 98 in force at 31.12.2020 in so far as not already in force by S.I. 2020/1643, reg. 2, Sch.