Stock - EC Info
On the toolbar of a Stock record, clicking the EC Info displays a window in which you can enter the information about the stock item that is required for the SSD returns (You will need to have the SSD Module). In addition, you can specify whether the EU Reverse Charge VAT for supplying services is applicable to the stock item (this is required for the EC Sales List report).
The information entered in the fields below is reported on the Intrastat Arrivals and Dispatches reports.
You must enter this information for all stock records so that it is available for these reports.
There is no opportunity to add this information when transactions are entered.
It is your responsibility to ensure that you report the correct information.
Whether Net Mass or Supplementary Units are required is dependent on the Commodity code used.
Fields include:
Net Mass kg
Net mass per unit in kg (weight including immediate packaging). The field accepts 13 characters; exponential can be entered. The units shipped will be multiplied by the Net Mass kg and rounded for the report.
Country of Origin
Enter as applicable. This information is needed when generating Intrastat reports.
Commodity Code
Enter as applicable. This information is needed when generating Intrastat reports. There are two types of recognised Commodity Codes, 8-digit for exports and Intrastat reporting, and 10-digit for Importing.
Dimensions
only uses the 8-digit Commodity Code. See www.gov.uk for further information.
Supplementary Units
The number of units in a consignment.
Type
Click the adjacent lookup button to open a popup pane where you are able to choose the Supplementary Units type, i.e. gram, litre, Gross Tonnage, etc. When you enter a recognised Commodity Code this field is automatically populated; however you may change the default as required.
Service
All stock records for which EU Reverse Charge VAT for supplying services is applicable, should be flagged. Click on the Service check box to flag. When entering a transaction and a stock record is selected that is flagged as a Service, the Service flag is automatically set as 'On' and the VAT code 'X' set as the default. Refer to EU VAT Codes for Supplying Services for details.
Apply Place of Supply VAT Rules
Tick the checkbox to indicate that Place of Supply VAT Rules apply, so that the correct VAT Rate is used on a Sales Order Detail line and when reporting your VAT Return. When ticked, you are prompted to confirm that you have created all the necessary Country VAT Rates. See Supply of Services VAT for further information.