This screen will allow you to create, edit or view a Deferment Account  Image Removedaccount is an account that a customer uses to record the duties for goods which need to be paid. There are two types of deferment accounts Government provided account - where you have your account setup with the relevant tax body and you pay them directly. Cash account - where the warehouse are paid the duty and they will then transfer payment to the government on your behalf.
When setting a stock holding customer up in VW you have to determine whether they have a government account for deferment or they will be using cash, this is on the Customs tab of the customer setup and the field is called “Deferment Agreement” | Tip |
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You do not have to be holding stock in the warehouse to record a deferment account. You can have a deferment account which can be used for “duty deferring” this is when the stock holding customer is charging an alternative customer for the duty. |
When you open the deferment account form you should see something similar to the example below.  Image Added| Info |
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The above example shows the setup of a deferment account which is being used to allow customer AMA to charge the TESCO deferment account. |
A Deferment Account is used to defer paying HM Revenue & Customs charges on imports. If one of your Customers has a Deferment Account, they will supply all the details you need to fill in this page and this would have been set up when setting up the Customer. You can also use this screen if you need to set up a Deferment Account that is not owned by a Customer, ie your own Deferment Account. You need to fill in the details as per the Deferment Account approved by HMRC. Once the Deferment Account details have been entered you need to add the Customers that can use this Deferment Account. It is possible to have multiple Customers using the same Deferment Account. Cash Deferments Excise = Sum of Excise Duty Values for any transactions that do not yet have a Day End Doc No and the Movement date is between the Current Month Start and Current Month End. Customs = Sum of Customs Duty Values for any Transaction that has not been put on CFSP where the Movement date is between the Current Month Start and Current Month End.
Own Deferments | Note |
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Use the Delete button from the Deferment Owners and Customers using the Deferments Section with Caution You will not be asked to confirm the deletion of the currently selected customer. |
Add Customer button  This screen will populate once you have clicked on the Add Customer button on the Deferment. On this screen, you will be able to select if the Customer is an owner of the Deferment or able to use the Deferment. Customer using the Deferment, you will be able to set up the Start Date, End Date, or if the Customer can use it Unlimited Period.
Standard HMRC deferment account setup Under no circumstances should anybody be given the warehouse keepers' own account as their deferment. In the current version, you can have VINCER setup on other accounts as Stock Holder, this is WRONG. However, you can have them on a Cash Deferment for times when the Customer is in need of additional credit (e.g. Christmas). This will be restricted in a later version as it can cause issues if added to multiple REAL Deferment accounts.
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