Highlights of version 1.0.56800.0

Features

The Excise Duty Management (EXC) extension enables you to setup and define an Excise Duty Tariff structure that applies in a country. The Excise Duty Tariff structure can be attached to the required Item or Item variants. With this tariff structure, a regular product becomes an Excise Duty product. With the features added in this release, you can:

• Define Excise Duty Tariffs and Tariff components per Tariff Type and Tariff Groups.
• Setup multiple Tariff Groups per item.
• Define up to five Substance Volume fields as parameters for Excise Duty registration.
• Configure how Excise Duty amount must be calculated, per country or per period.
• Work with Excise versions which allows you to automatically phase-in or phase-out required changes in Excise Duty.
• Calculate and see Excise Duty amounts per Item and even per country.
• Configure data checking on critical fields for Excise Duty.

The Excise Duty Management extension also includes functionality to setup a Customs License structure. You can attach the Customs License structure to a Company, Locations, Customers (and Ship-to), Vendors (and Order addresses) and Tax Trading Partners. When a Customs License is attached to a Location, a regular warehouse becomes a Bonded tax warehouse and with that comes the ability to:

• Define different Customs License types.
• Attach Customs License details to a Company, Locations, Customers, Ship-to, Vendors, Order addresses and Customs Tax partners.
• Indicate which Tariff Groups are included in or excluded from the Customs License.

Foreign trade functionality gives a beverage company the ability to define how excise duty is handled on Excise Duty items when being sold to or purchased from abroad.

In the logistics chain, Excise Duty to the Customs Office will only be paid once. In the EXC extension, functionality is available in all domains of Business Central to determine whether the transaction is subject to Excise Duty or not. In addition, periodic activities and reporting of Excise Duty are supported in this extension. The main highlights include:

• Track excise duty details for each transaction of an Excise Duty item in the Excise Duty Ledger Entries.
• Apply Excise Duty in Item ledger entries, Value Entries and General Ledger Entries.
• Create Shipments, Receipts or Transfers from one Bonded Warehouse to another, supporting transactions that are excise duty free.
• Generate a Statement that allows businesses to define their reporting requirements on Excise Duty in a flexible manner and to meet the local requirements for Excise Duty reporting per country.
• Close Excise Duty Ledger Entries once reported to the Customs office, attach internal and external reference numbers to Excise Data.

Unsupported functionality and features

• Excise Duty is not integrated in Production, Assembly and Warehouse Management.
• Excise Duty is only partly integrated for Non-Domestic Trade:
  1. The location must have a customs license in Sales.
  2. The location must have a customs license in Purchase.
  3. Both locations must have a customs license in Transfer.
• Excise Duty is only supported and verified for Excise Duty regulations in the Netherlands and Belgium.
• The use of an Additional Reporting Currencyin the financial posting is not supported. See General Ledger Integration for more information.

Supported functionality with workaround

In the Netherlands, excise duty is only supported when trading soft drinks with non-domestic customers, vendors and transfers. When these entities get a fictive customs license for soft drinks, then for these transactions, the subject to excise is No.