Stock Flags

Flag

Purpose

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.

Line Entry Form

When you select a line on the top section of the page the corresponding details appear in the lower section, this area explains those fields section by section.

Line Details section

CWC

This refers to an old term “Country Whence Consigned” meaning the country where the goods came from when they arrived in your warehouse.

Whilst the product COO / CWC are generally the same this is usually set to the suppliers country when new goods are arriving.

However it can be set and retrieved from the CWC field given in the Bond Details section of the Receipting Header tab. You can’t also edit CWC from the Bond Details tab.

Free Circulation (FC - Customs Paid)

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

Are the goods in FREE CIRCULATION or are the goods CUSTOMS DUTY PAID.

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.

Excise Duty Paid In 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.

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).

VAT Section

Owner Changed

In UK?

This is a marker relating to sales tax

(VAT).

The question is “Has the Owner changed in the UK?” If they have then this needs to be set to YES if not then it would be set to NO.

To determine whether the owner has changed, the first owner or imported EORI is considered, this is basically the sales tax (VAT) number.

It is very relevant as only the first owner of goods at the point of import is allowed to use PVA VAT. If the owner of the goods has changed this is not allowed.

If you are the original

importer of the goods then you are

accountable only to record from sale tax for the import, however, if you have purchased the goods from

another supplier within the warehouse country then you are not the original

importer, 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

.

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’

Allow PVA?

This is the flag to represent whether the incoming stocks will be using Postponed VAT Accounting which was the replacement for Acquisition VAT when we left the EU.

Customers importing will have to determine whether they will be using PVA for imports and the paperwork you receive with the goods will tell you whether they opted for PVA or whether they are not using PVA.

Based on this information you need to select the Allow PVA field correctly.

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.

Costs / Trade Terms

You have a number of options available, these are also known as the INCOTERMS and it is how your customer is purchasing the goods.

Customs tab

Valuation Method Type:In general customers purchase stock from either the supplier and the customer then arranges all the transport/shipping or they purchase from the supplier who arranges the transport/shipment to the port in the receiving country.

If the supplier is not involved in anything other than the supply (and is not arranging the shipment) then this is considered as EXW (Ex-Works) and you would be expected to enter the Product + Insurance + Freight costs.

	Description	Valuation Method
A	EXW - Pre CIF/DAT invoice price/value Also known as FOB This is where the buyer is taking responsibility of all costs from the port of exit from the suppliers country including insurance and shipping costs. Therefore all three prices are needed.	P+I+F with Vat Val Adj optional Image Added
B	CIF/DAT invoice price/value or SPV This is where the supplier is transporting the goods to the arrival country and they are including the insurance and shipping with the purchase price, as such only the product price is needed.	P with Vat Val Adj optional Image Added
C	Post CIF/DAT invoice price/value
D	CIF/DAT duty inclusive invoice price/value
E	Post CIF/DAT duty inclusive invoice price/ value
F	Pre CIF/DAT selling price
G	CIF/DAT selling price
H	Post CIF/DAT selling price/unit price
I	CIF/DAT duty inclusive selling price/unit price
J	Post CIF/DAT duty inclusive selling price/ unit price
K	CFR/CPT invoice price value
L	CFR/CPT duty inclusive price

VAT Value Adjustment

This is the amount per case you paid in customs duty at the port of entry. As VAT is not charged at the port due to the goods moving to an excise warehouse then the amount has to be accounted for within the Value for VAT calculation for the excise declarations.

Freeze and Retrieve Later

You can use this option where the customer is unable to provide you with stock values at the point of receipt and instead of landing the stocks with a nominal value hoping to remember to add them later this option allows the stock to be landed and it will be immediately Frozen with the reason of “VALUES”.

The stock is then landed on the system in the warehouse, accounted for, invoiced for receipt but unusable until the values are added.

More information on how to free this stock can be found here Post Receipt.

Excise Tab Options

Image Added

The excise tab is used to set the details of the excise goods you have receipted, if you are using the 777 or higher codes then this section still needs completing but the details would not be applicable.

Tax Code - based on the product type the tax code shown here will be applicable for the product type. The product default will normally pull through from the product record however you can change it should it be required, this is generally only done if the wine is outside the strength or size ranges available for the tax code.

Degree Plato - this is applicable for beer and used for exports to several countries who use this as the indicator for the level of duty.

Tax Certificates - If this product has a tax certificate it will show in the window, this is applied at the product level and applies to small producer certificates.

EMCS ARC - If you only have a single ARC then this will display in the field, if you have more than one for this receipt then you will have to choose which ARC applies to this specific line.

Customs Tab Options

This allows you to set the commodity code for the product, based on this some import documents may be required, if this is the case use the Import Documents option on the form to visit the document requirements.

Image Added

Valuation Method Type

Import Documents

Quota/Preference