De La Rue PLC De La Rue awarded track and trace contract by HMRC (1979R)
27 February 2019 - 6:00PM
UK Regulatory
TIDMDLAR
RNS Number : 1979R
De La Rue PLC
27 February 2019
DE LA RUE PLC
De La Rue appointed to deliver track and trace service for all
UK tobacco products
27 February 2019
De La Rue, the world's leading security and anti-counterfeiting
solution provider, is pleased to announce that it has signed a
GBP3.5million contract with Her Majesty's Revenue & Customs
(HMRC), to implement a track and trace system for all tobacco
products sold in the UK.
The five-year contract will see De La Rue implement a digital
solution to track and trace the c1.7 billion cigarette and hand
rolling tobacco packs sold in the UK each year through a unique
identifier. Ensuring the traceability of all tobacco products is
now a legal requirement under the EU Tobacco Products Directive,
Article 15, with the specific aim of preventing the illicit trade
of tobacco products throughout the EU and protecting citizens from
counterfeit products which could be damaging to their health.
As part of the contract De La Rue will also manage the service
for HMRC with all tobacco manufacturers, importers and relevant
economic operators serving the UK tobacco products sector.
De La Rue has been helping governments and tax authorities
around the world to fight illicit trade and protect tax revenue for
decades. De La Rue launched its track and trace digital solution
DLR Certify(TM) in 2015 as part of its strategy to bolster its
software and services offerings. In 2018, it won a five-year
contract to implement a full track and trace solution for the
Federal Tax Authority in the UAE to be initially applied on tobacco
products.
Martin Sutherland, Chief Executive Officer of De La Rue,
said:
"As a result of our continued investment in the Product
Authentication & Traceability market, we are delighted to be
working with HMRC here in the UK to provide this track and trace
service and to partner with them on rolling this out to the wider
industry."
Enquiries:
De La Rue plc +44 (0)1256 605000
Sinead Keller Head of Media
Lili Huang Head of Investor Relations
Brunswick +44 (0)207 404 5959
Azadeh Varzi
Stuart Donnelly
Notes to editors
EU Tobacco Products Directive is a directive of the European
Union that aims to improve the functioning of the internal market
for tobacco and related products, while ensuring a high level of
health protection for EU citizens. It entered into force in May
2014 and became applicable in the EU Member States on 20 May 2016.
Articles 15 and 16 of the Directive specify the purposes and
requirements for the systems of traceability and security features
for tobacco products to address the issue of illicit trade.
About De La Rue
De La Rue's purpose is to enable every citizen to participate
securely in the global economy. As a trusted partner of
governments, central banks and commercial organisations, De La Rue
provides products and services that underpin the integrity of
trade, personal identity and the movement of goods.
As the world's largest designer and commercial printer of
banknotes, De La Rue designs, manufactures and delivers banknotes,
banknote substrates and security features to customers in a world
where currency will continue to be a key part of the developing
payments eco-system. De La Rue is the only integrated supplier of
both paper and polymer banknotes, and creates security features
that ensure banknotes are protected against counterfeiting.
De La Rue is the world's largest commercial designer and printer
of passports, delivering national and international identity tokens
and software solutions for governments in a world that is
increasingly focused on the importance of a legal and secure
identity for every individual.
De La Rue also creates and delivers secure product identifiers
and 'track and trace' software for governments and commercial
customers alike to help to tackle the challenge of illicit or
counterfeit goods and the collection of revenue and excise
duties.
De La Rue is listed on the London Stock Exchange (LSE:DLAR). For
further information visit www.delarue.com
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END
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