Page Comparison

Excise Duty Paid in the UK

This flag determines whether goods are excise paid or not, it is also known as the DP flag, if this is ticked then the goods are fully excise paid. The term duty paid refers to the UK excise system which is different to the Worldwide customs system.

Free Circulation

This is an old term and refers to whether customs duty is paid for this stock item.

Goods were referred to as “in free circulation” when customs duty was paid, which allows them to freely move around the EU, but this would apply to any customs union whether the EU or a single country.

These days if it were to apply it would apply to goods in GB

Owner Changed in the UK

This is a marker relating to sales tax, the ability to have acquisition vat, and deferred vat. If you are the original imported of the goods then you are exempt from sale tax for the import, however if you have purchased the goods from a supplier within the country then you are not the original imported, and ownership of the goods has changed.

Original Wooden Case

This flag can be set here or set through the packaging type on the previous tab.

Customs Duty paid in the UK

This identifies if the goods had the customs duty paid in the warehouse country (Home Country) otherwise it was prepaid outside the country prior to importation.

Bulk Use Allowed

When receipting goods, the ability to mark them as able to use the BULK commodity code at the time of receipt.

Manufacturing transfers will have a this option which will automatically mark the receipt stock following the existing ‘same customer’ checks.

A new linked to option for the bulk code needs to be set against the standard commodity code which in the event of a payment being made will make the payment using the bulk code.

Only the owning customer is allowed to use this feature it should not pass to another owner and not be available when goods are duty deferred for customs to an alternative account.

Nil VAT Allowed

We will determine whether this can be set by the supplier being the same as the customer receiving the stock, however, there are occasions when you need to set this manually. In general, if you manufacture your own goods and you purchase or grow the raw materials then this would be a NIL VAT item, so you would not pay sales tax with the duties for the purchase of the goods

Duty Stamped

This only becomes active when stocks are identified as needing duty stamps.

In this case you need to positively confirm whether the answer is YES or NO (this will not default)

Allow PVA?

With this feature PVA(Postponed VAT Accounting) ''Instead of assuming PVA, it will now be optional on the pre advice when receipting new stocks’

VAT Status for this Line’ - Postponed VAT Accounting can only show if ‘Allow PVA’ is ‘Yes’, otherwise it must fall back to the existing standard / deferred option.