Missing Traders Fraud is a problem in the alcohol industry. In recent times this has led to HM Revenue and Customs paying more attention to businesses trading in the alcohol industry and imposing severe sanctions; see our sanctions information page for information about other sanctions not featured here.
Businesses in the alcohol industry are often registered with HM Revenue and Customs. They can also have financial securities lodged with HM Revenue and Customs. They need these approvals to carry out their business and any disruption to an approval can quite literally ruin a business overnight.
Typical examples of these approvals are:
- WOWGR Dealers
- General Storage and Distribution Warehouse
- Trade Facility Warehouse
- Financial Movement Security
As all approvals and securities are granted at the discretion of HM Revenue and Customs, this gives them the power to;
Carrying out due diligence into the businesses with whom you intend to trade provides the basis for defending yourself if HM Revenue and Customs act against you in this manner. We are able to provide services to cater for all you due diligence needs. Please see our services pages or if you require any further information or assistance then please contact us on 0844 651 6852 or by email and we will be happy to assist you.
The same regime of approval and registration with HM Revenue and Customs applies in the Oils Industry. HM Revenue and Customs are also paying particular attention to businesses in this area. We can also assist businesses in the Oils Industry, please contact us for further information.
