HCOTEG132260 - Central accounting points: Details of those functions carried out by the trader at the CAP: Collation of all dutiable delivery details
It is a condition of their excise duty deferment approval that traders must give prior notification to us of the locations from which they intend to remove duty-suspended product.
»Ê¹ÚÌåÓýapp trader’s Central Accounting Point (CAP) must ensure that they receive from each of these locations a schedule of deliveries for all methods of removal. Warehouse-keepers are required to submit a duty deferment liability statement to:
HMRC, LB Oil & Gas Team, Bush House, Strand, London WC2B 4RD, or whichever LB team has, since 2018, taken over these duties. Contact LB for more information.
»Ê¹ÚÌåÓýapp schedule must inform the CAP of the descriptions and quantities of products removed and also the resultant excise duty liabilities for debit against their deferment account.
Warehouse-keepers must ensure that this information is advised to each deferment holder’s CAP within 3 working days after the end of the excise duty deferment period so that they can calculate the total deferred liability in good time to complete the HO10 return.
If a particular location has not incurred any liability in a period a ‘NIL� return must be obtained by the CAP to substantiate this. Warehouse-keepers also have a responsibility to provide ‘NIL� returns.