Revenue Customs Bonds | BBi Ireland
BBi Ireland can arrange independent or Revenue Customs Bonds to protect your business, vehicles, people and more. Get in touch to discuss your requirements today.
What is Revenue Customs Bonds?
At BBi Ireland, our dedicated team works with authorised insurers to secure customs bonds tailored to your specific business needs.
Whether you operate bonded warehouses, engage in customs warehousing, or require cover for special procedures, we ensure your bond facility supports your commercial operations without tying up essential working capital.
We review your import activities, customs clearance volumes, and specific obligations to determine the appropriate bond cover.
This includes evaluating whether you require a tax warehouse bond, cover for excise goods such as alcohol, or bonds for goods stored under customs control. We handle all documentation, forms, and negotiation on your behalf, and in most cases, complete the process within days rather than weeks.
Why Choose BBi as a Broker Partner
Our Heritage
Dedicated Account Manager
We have specific service level agreements with insurer partners, ensuring our clients get a great service.
In-house Claims Team
BBi Ireland has an experienced team of professionals looking after your needs when you need us the most.
35+ years’ experience
With up-to-date knowledge of the latest legislation and health and safety issues faced by companies across Ireland.
Flexible Cover
Our cover and payment methods are flexible so you can choose the option that suits your business needs.
One Stop Shop
We can arrange cover for a wide range of business and personal insurance requirements.
What Can Revenue Customs Bonds Cover?
Revenue customs bonds can cover a wide range of financial obligations associated with importing and storing goods under customs control. This typically includes deferred payment of import duties, VAT, and other taxes owed to revenue authorities, as well as guarantees for goods held in bonded warehouses or moved under special customs procedures.
They may also extend to excise goods such as alcohol or tobacco, ensuring compliance with regulatory requirements while allowing businesses to manage cash flow more effectively.
Why Choose BBi Ireland for arranging your Revenue Customs Bonds?
Dedicated Knowledge of Irish Revenue Requirements
We understand the compliance landscape for businesses importing goods into the European Union, helping to ensure your bond meets all regulatory standards
Access to Bond Rates
Our relationships with authorised insurers mean we can help negotiate favourable terms and pricing for your financial security requirements
Tailored Solutions for Your Import Volumes
Whether you handle occasional shipments or maintain continuous trade operations, we match bond cover to your actual customs obligations
Get protected today
Don’t let customs bond requirements create unnecessary delays or tie up your working capital. BBi Ireland provides dedicated guidance to businesses across Ireland seeking to meet their customs obligations efficiently and cost effectively.
Our team will assess your requirements, explain the process, and secure the appropriate bond for your operations. There is no obligation, and our advice is tailored to your specific circumstances.
Frequently Asked Questions
It’s important to get the right Revenue Customs Bonds for your business. To help you do that, here are our frequently asked questions about Revenue Customs Bonds. If you’d like some independent advice, please call us on +353 49 433 1038, and the team will be happy to help.
The primary purpose is to guarantee to a local authority that a property developer will complete specific infrastructure works (like roads, sewers, and public spaces) and meet all planning conditions as agreed. It acts as a financial safeguard for the council.
A Development Bond secures the completion of upfront infrastructure and planning conditions. A Retention Bond, on the other hand, is used after a project’s practical completion to replace the need for retention funds, guaranteeing the rectification of defects during a defects liability period. They serve different stages and purposes within the construction lifecycle.
A Development Bond typically remains in place until the associated infrastructure works are completed to the satisfaction of the local authority and all planning conditions secured by the bond are fully met. This duration can vary significantly depending on the project’s size and complexity.
Development Bonds are typically required by local county councils or planning authorities as a condition of granting planning permission for new developments. The requirement is placed on the property developer.
The cost of a Development Bond depends on several factors, including the value of the works being guaranteed, the financial strength and track record of the developer, and the perceived risk of the project. BBi Ireland will provide a tailored quote based on your specific project details.
