The Commodity Codes are to be used throughout the system. A commodity code is an International Code which can be assigned to all goods.
To create a Commodity Code you will need to have set up your Product Type Codes
Commodity Codes in Vision Commerce are used to classify Products; every Product should have the correct Commodity Code so that the Type of Product can be identified.
Products assigned the wrong Commodity Code will be assigned the wrong Taxes and Duty
It is your responsibility to ensure your Commodity Codes are set up correctly and that Products are assigned the correct Code
Once you have saved the Commodity Code for the first time, you are unable to change the code.
This screen enables you to maintain Excise Duty and Customs tables.
Some of the fields in this section are used when setting a new rate but you can also change the Excise and Customs Calculation type.
Use Codes that are defined by HMRC when creating new Duty Rates
For example 451 for Spirits
Once this has been saved for the first time you are unable to change the Code and Description
The method of calculation will be used with both the Excise and Customs are
LOL - Litres of Liquid (In general used by Wines)
LOA - Litres of Alcohol (In general used by Spirits)
If you change the method of calculation it applies to Previous, Current, and New Duty Rates.
Current and Previous effective dates and current Excise Duty and Customs Duty Rates respectively
The Effective Date is the date that these rates come into operation.
If you are creating a new Duty then the date will show the current date.
The Current Excise and Customs Duty Rates will be shown in fields against the LOL or LOA labels depending on which was chosen during setup.
If you are creating a new Duty then the values here will all show zero.
These sections are provided to make it obvious when a Rate has been updated.
Additional Notes
HMRC publish rates in LOA, LOL, HLOA, and HLOL
In general, the wine rate is published in HLOL so please remember, your calculation needs to change this to LOL.
You will have to enter a Customs Duty Rate in addition to an Excise Duty Rate, this cannot be left as zeros.
The use of this is then controlled by the Customs Duty Paid Flag on the Purchase Order entry as shown in more detail on the Purchase Order Tab page.
Excise Duty Rate in either LOL or LOA – this is the UK Duty
Customs Duty Rate in either LOL or LOA – this is the EU Duty
See the HMRC Website pages regarding Duty Rates:
https://www.gov.uk/government/publications/uk-trade-tariff-excise-duties-reliefs-drawbacks-and-allowances/uk-trade-tariff-excise-duties-reliefs-drawbacks-and-allowances