Announcements

Date

05/02/2025

Who does this apply to?

WMS

Application

Vision Bond

Issue

EXCISE AND VAT SUMMARY REPORT

The issue affects stock transactions that have cleared the duty point on the 3rd and 4th Feb, and were included in the Excise and Vat summaries that were sent to your customers for those dates. (These are normally sent by default at 8pm tonight, so may affect just one day) The report themselves failed to pick up the end of easement dates. 

The affected details columns are Excise and Duty Rate and Excise Duty Value, as well as the Value for Vat and the Overall Vat Amount. 

The affected details columns are Excise and Duty Rate and Excise Duty Value, as well as the Value for Vat and the Overall Vat Amount. 

Obviously whilst the summary of the pdf is correct, individual lines shown on the subsequent page may not be showing the correct value as it still applied the easement. This has not affected the W5 information sent to HRMC, it is purely your customer report.

We have already applied a fix to resolve this matter, and should your customers wish a copy of the daily summary with the correct details, you can simply rerun this within Vision Bond.  Details of how to do this can be found in the below link.

Resource links

Reports

Notification Date

05/02/2025

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