The issue

The regulatory landscape in relation to the movement of excise goods under duty suspension has tightened considerably in recent times. The tobacco industry, for example, now has specific legal obligations to monitor the integrity of supply chains as well as it own transactions.

Compliance failure in relation to excise duty accounting obligations can lead to severe penalties being assessed against businesses. The penalties for compliance failure can potentially be devastating to the business, not least because of the potential damage to reputation in the current environment where Corporate Responsibility is of growing importance.

Action required

When a business risk is identified or issues arise which require a sensitive, discreet and commercial solution, our team can bring technical experience and a deep awareness of the requirements of businesses operating in the excise sector. We have a proven track record of advising companies in the excise trade sector and assisting in the minimization of risk surrounding the holding and movement of excise goods.

Example

A major excise business experienced supply chain integrity issues, potentially leading to significant duty demands. Our team worked closely with the business to neutralize the risk and implement internal procedures to ensure that ongoing business processes were fully compliant.