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Table of Contents

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Most fields in this section are self explanatory however please note the following fields

Field Name

Notes

Deferment Account

Generally this would be set to your customers account code

or if this is a charge to deferment only

where your using this for charging duty purposes only (and they do not hold stock) then use a suitable code to identify this account.

Deferment Number

For Government duty accounts - this is the deferment number of your account. It is 7 digits long

For Cash duty accounts - you will have a virtual account number here which the system generates which is seven characters long starting with your customer code followed by 4 number.

Email Address

This is the address which is used to send the following information

  • For cash customers - the Duty Demand - which is the amount of duty owed, this is generated each time the day end is run within Vision Bond

  • For All cutomers - excise and vat report - which is automatically generated each night at 20.00

Info

It is important to fill this information for each deferment accounts to ensure your deferment owners receive their daily duty reports.

Cash Deferment

This area will only be available if the account you are setting up is a cash account.

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  • What to do if a customer runs out of credit on HMRC and wants to use a cash deferment?

    • Setup a Cash Deferment for that Customer marking the Stock holding accounts which will use it.

    • On the customer record, change the customer default account to the cash account WHEN YOU NEED TO CHANGE TO CASH DEFERMENT.

    • Return it back to the HMRC number whenever you finish using it.

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