TPD4140 - Security: physical and financial: Financial Security: level of movement guarantees required for tobacco manufacturers established for less than 2 years.
New manufacturers will be required to provide a movement guarantee. »Ê¹ÚÌåÓýapp level of security required is shown in the following table:
| Potential duty level * | Level of security |
|---|---|
| Less than £1 million | 25% of the potential duty, subject to a minimum of £20,000 |
| More than £1 million \nbut less than £25 million | £250,000 |
| More than £25 million \nbut less than £100 million | 1% of the potential duty |
| More than £100 million | £1 million |
»Ê¹ÚÌåÓýapp potential duty, in the case of established manufacturers, is the amount of duty suspended on movements in an average week during the previous 12 months
»Ê¹ÚÌåÓýapp potential duty, in the case of new manufacturers, will be the amount of duty that the manufacturer expects will be suspended on movements in an average week. »Ê¹ÚÌåÓýapp “averageâ€� week, in this case, is the expected average of the next 52 weeks.