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In general this service can be seen as a charge valid of sales tax (VAT) however some warehouses have argued that this is a financial credit agreement which is outside the scope of VAT. There is an option on the form to allow you to choose whichever method you wish to use.
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If you utilise the Vision Bond extract for finance system you must setup the nominal code on this form before you use this service charge feature. If you are only raising invoices for the service charge and manually posting them then there is no need. |
Optional Modules
Optional Finance extract is available - this is not a standard module
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Customer amount they owe for duty relating to the orders they have cleared
Customer amount they owe for the service charge
Supplier amount which you would be due to pay customs for the customer duty
Add Customer button
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By clicking the button the above form will open up allowing you to specify who can use this In order to use a deferment account the customer has to have the authority to do so and in this form you will grant the authority as either the
Stock Holding customer OR
A user of the the deferment account.
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This is the instruction as to who will be able to charge the deferment, you will need to enter the customer code and customer name and then you need to decide whether this is a “Owned” or “Customer using deferment” addition to this deferment.
Owner
If it is an owner then nothing else is required and you can ADD customer.
Customer Using the Deferment
If it is somebody using the account then based on the C1207 form you have you need to decide
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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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