VATF44600 | Basic interventions: Other interventions: Issuing a Notice of Requirement to pay security

A Notice of Requirement to pay a security can be issued where it is considered that:

• repaying a VAT claim represents a risk to the revenue, or

• VAT is at risk of being unpaid by the taxable person.

For example, if you discover that a director of a VAT registered taxable person was also the director of a taxable person who was deregistered from VAT owing HMRC unpaid tax, you might wish to consider issuing a Notice of Requirement.

Notice 700/52 which set out when and how HMRC will issue requirements to pay a security has been withdrawn but officers may find this Securities factsheet useful. (This content has been withheld because of exemptions in the Freedom of Information Act 2000)Securities Guidance(This content has been withheld because of exemptions in the Freedom of Information Act 2000)