Contents

Background

HMRC can demand a security deposit where we identify tax is at risk. HMRC will seek security for VAT, indirect taxes, PAYE and NICs deductions only where there is serious risk to the revenue and under the powers set out in legislation (see the legal framework below).

Fraud Investigations Service (FIS) must demonstrate that their decision to take security action is reasonable and proportionate to the risk involved. (This content has been withheld because of exemptions in the Freedom of Information Act 2000)

The work to enforce and administer securities for both direct and indirect taxes is done by the ‘Securities’ teams in Fraud Investigations Service (FIS).

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