- Excise Warehousing Procedures (CWP)Â
- Ensure full compliance with excise warehousing systems, enabling the storage of goods with excise duties and VAT suspended, in line with HMRC regulations. Â
- Manage the submission of accurate excise declarations when bonded goods enter or exit the warehouse, ensuring duties are paid when required. Â
- Enforce compliance with Excise Notice 197, managing the storage and movement of excise goods under excise duty suspension. Â
- Maintain accurate accounting of excise goods under bond, ensuring full visibility and reporting of stock levels, and verifying that all movements comply with HMRC requirements. Â
- EMCS (Excise Movement and Control System):Â Â
- Import VAT assigned to PVA is recognised and sent to duty reporting function for inclusion in the VAT return.Â
- Ensure the bonded warehouse operates within the terms of the authorisation granted by HMRC, adhering to all security, accounting, and reporting requirements.Â
- Oversee the accurate and timely submission of daily W5D returns, detailing stock levels, goods received, and goods removed from bond. Â
- Maintain meticulous stock records and ensure proper documentation for all bonded goods, in line with HMRC’s audit expectations.Â
- Train and develop staff to understand and uphold all compliance and operational requirements, ensuring the secure handling of bonded goods. Â
- Liaise with internal departments, suppliers, and customers to ensure the accurate and compliant movement of goods into and out of the bonded warehouse. Â
- Conduct regular internal audits and prepare the warehouse for HMRC inspections, ensuring full compliance with all customs and excise regulations.Â
- Respond to any HMRC audit findings, making necessary improvements to maintain high standards of compliance and operational integrity. Subject Matter Expertise (SME) in Bonded Goods Operations:Â Â
- Act as the subject matter expert (SME) for all bonded goods, ensuring full knowledge and compliance in the processes of buying, storing, moving, and selling these items. Â
- Keep up to date with any changes in HMRC regulations or customs legislation affecting bonded goods and warehouse operations, ensuring immediate implementation of any required updates to procedures. Â