VPDS051300 | Vaping Products Duty and Vaping Duty Stamps: Approvals - general: Transfer Of a Going Concern (TOGC): New owner requirements

Before carrying out any manufacturing or duty representation, the new owner must:

• obtain the necessary approval before the transfer

• meet the fit and proper criteria

• provide any required financial security

Normally the trader should apply at least 45 days before the required approval date in order to ensure that HMRC have adequate time to assess and work the application and you should aim to issue the approval within this time period, however it may be that it takes longer than this if there are delays in obtaining information from the trader, for example.