VPDS124000 | Vaping Products Duty and Vaping Duty Stamps: Uk representative for duty stamps: Approval

Approval is granted under section 123(1) of FA 26.

A UK representative can represent more than one overseas entity, and this can be done under a single approval, however they will be expected to keep accurate records and undertake due diligence for each separate entity.

In addition to the requirements of notice 206, the following records should also be maintained:

• reasonable due diligence checks on the overseas entity, as far as practicably possible

• a business plan or sales forecast from the overseas entity which details annual throughput levels and gives a basis on which a duty stamp threshold can be calculated

• a copy of the contract under which the UK representative is operating