Questions and Explanations
What is a W8 Form? | This was replaced by the EMCS system |
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What is an AAD Form? | This was replaced by the EMCS |
What does CFSP stand for? | CFSP stands for Customs Freight Simplified Procedures and is a simplified electronic way to clear imported goods.
CFSP allows authorised traders to gain accelerated removal or release of most third country imports (from a country outside the European Union) by making a simplified declaration. |
What does FSD stand for? | FSD stands for Final Supplementary Declaration.
FSD must be submitted by the 4th working day of the month following the reporting month |
What is EDI? | An Electronic Data Interchange (EDI) refers to the structured exchange of documents in a standardised electronic form, between organisations, directly from one computer application to another. |
ACQ VAT Status? | In order for Acquisition VAT status to be achieved for a movement of stock the following criteria will all need to be met:
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DAN (Deferment Account Number) Prefix Calculation | The Deferment Account Number (DAN) prefix on a W5D will be set based on the below criteria: 'D' - The Declarant on the W5D would need to be both the Warehousekeeper and the Proprietor. |
How Bond Sets the VAT status for W5/W5Ds | The logic for the VAT Status' are set as below:
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