For years, HMRC have identified excise goods as the source of massive revenue leakage and that is why the movement of excise goods under duty suspension has been tightened considerably in recent times. Not only is the actual movement controlled more tightly, but the storage and handling regulations are constantly under review, becoming ever more stringent. The most recent change now means that businesses have an obligation to properly monitor the bona fides of its suppliers and customers in supply chains as well as its own transactions similarly to the requirements under VAT Notice 726. The latest development is a fit and proper test that wholesalers now have to pass in order to be approved by HMRC. Any purchaser of goods who should purchases outside of the regulated regime

Our team has many years’ experience handling excise duty evasion investigations and technical questions having been originally employed by HMRC as prosecutors and investigators in the field of excise duty evasion. Our knowledge of the law, technical experience and a deep awareness of the requirements of businesses operating in the excise sector has led to a proven track record of successfully resolving disputes in the excise trade sector and assisting in the minimization of risk surrounding the holding and movement of excise goods.

In particular, iTax has significant experience in dealing with internal audit of excise duty accounting in the drinks sector, having been engaged by some of the largest businesses in the world. Our professional support minimises the administrative burden on a business and ensures that control is maintained.

Ideally, we prefer to conduct compliance reviews before issues are identified which enables businesses to avoid serious repercussions from HMRC in terms of assessments and penalties. Whether a high level or in-depth review exercise, our team can provide businesses with comfort and assurance that excise duty processes are functioning properly.