Comprehensive guarantee and guarantee waivers
You must have security in place to cover potential or existing customs debt for certain customs procedures or facilities. This security must be in the form of a customs guarantee. A comprehensive guarantee allows you to combine all your current customs bonds and guarantees. You will need an authorisation from Revenue to use a comprehensive guarantee.
You can apply for a reduction or waiver of the amount of the guarantee for potential customs debt if you meet specific criteria regarding:
- financial solvency
- compliance with customs rules
- control of operations
- practical standards of competency.
You can apply for a reduction to 30% of the amount of the guarantee for existing customs debt if you are an Authorised Economic Operator (AEO). You will find further information about this in Authorised Economic Operators (AEO).
If you use the following procedures or facilities you must apply for a comprehensive guarantee:
When you apply for one of the above, we suggest that you submit your application for a comprehensive guarantee authorisation at the same time. This will allow us to process your applications more efficiently.
How to apply for a comprehensive guarantee authorisation
You should apply for your comprehensive guarantee electronically using the Customs Decisions System (CDS).
If you need further information contact Authorisations and Reliefs Unit.