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Contents

Official guidance
Securities Guidance

SG29000 · Security as a condition of releasing a VAT credit

  • SG29050 · Introduction
  • SG29100 · The law
  • SG29200 · Meaning of VAT credit
  • SG29300 · When we may require security
  • SG29400 · The amount of security
  • SG29500 · Acceptable forms of security
  • SG29600 · Delegated authority to require security
  • SG29700 · The letter of offer
  • SG29800 · The Notice of Requirement to give security (NOR)
  • SG29900 · Right of appeal
  • SG29910 · Receipt of security
  • SG29920 · Consequences of not providing security
  • SG29950 · Returning or calling in security
  1. Security as a condition of releasing a VAT credit: contents
  2. Security as a condition of releasing a VAT credit: the law

SG29100 | Security as a condition of releasing a VAT credit: the law

From HM Revenue & Customs · Securities Guidance

Paragraph 4(1A) of Schedule 11 to the Value Added Tax Act 1994 provides:

4(1A) If they think it necessary for the protection of the revenue, the Commissioners may require, as a condition of making any VAT credit, the giving of such security for the amount of the payment as appears to them appropriate.

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