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Table of Contents

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Field Name

Notes

Deferment Account

Generally this would be set to your customers account code 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.

VAT / EORI

These fields should be filled in where you have these details for the customer.

Failure to complete these may result in the duty being charged inaccurately, because a check is made that the importer EORI/VAT matches the deferment account EORI/VAT to allow PVA VAT to be charged. If this is not entered then PVA would not be applicable.

Cash Deferment (Virtual Accounts)

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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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