The calculation is based solely on the items you pick and their respective quantities, however when the end of day final W5 or W5D is calculated there may be a slight difference, and you may find the overall amount to be lower than the amount shown on this report. The end of day calculation sums up all transactions within the same TAX CODE and then truncates the LITRES figure to two decimal places, this is then multiplied by the HMRC Rate to give a final value. Due to the truncation, the total value is always lower than the individual single item values. This is the approved and correct method as per HMRC requirements. Changes to Product Values Changes to values of products including changes to exchange rates will potentially affect the final value on the W5D. The D&V enquiry at this point is only a guide to the duty at that particular point in time. |