SPE15510 - Common storage: stock adjustments

Note: This manual is under review following Brexit and is likely to be withdrawn. If there is anything within this manual you use regularly, please email hmrcmanualsteam@hmrc.gov.uk to let us know. Please check the other guidance available on GOV.UK from HMRC.

When there are unexplained variations between amounts recorded in the system and physical stock, adjustment of records is necessary. It applies to unexplained variations so the warehouse keeper should have investigated the cause of the variation beforehand. You will need to ensure that the discrepancy has not been caused by a weakness in the warehouse keeper’s system and controls.

Note: Northern Ireland (NI) customs authorisations will continue to fall within the provisions of the Union Customs Code (UCC), as retained by the European Union (Withdrawal) Act 2018 and CEMA 1979.