bonds

Alarm as Customs culls ‘unused’ bonds

HM Revenue & Customs (HMRC) has started to cancel bonds that have not been used for 12 months. The move is causing consternation among forwarders and logistics operators, who say such a move may restrict their ability to attract new business. Just because an operator has not used its bond recently does not mean that it will not do so in future and having a bond available can be an ... [+]