SG31000 - Calculating the amount of security: power to determine the amount of security
| Relevant tax {#IDAZ5SIB}\n———————— | Law {#IDA50SIB}\n————— |
| VAT | Paragraph 4(4) of Schedule 11 to the Value Added Tax Act 1994, see SG15135 |
| Landfill Tax | Paragraph 31 of Schedule 5 to the Finance Act 1996, see SG15340 |
| Aggregates Levy | Section 26(2) of the Finance Act 2001, see SG15430 |
| Climate Change Levy | Paragraph 139(2) of Schedule 6 to the Finance Act 2000, see SG15530 |
| Insurance Premium Tax | Paragraph 24 of Schedule 7 to the Finance Act 1994, see SG15640 |
| Pay As You Earn | Regulation 97N Income Tax (Pay As You Earn) Regulations 2003 (SI 2003/2682), see SG15000 |
| Class 1/1A NICs | Regulation 29N The Social Security (Contributions) (Amendment No. 3) Regulations 2012, see SG15000 |
The amount of security we may require is not restricted in law, but it must be reasonable and in proportion to the risk to the revenue.