RedPrairie Launches Updated Duty Management Solution
STOKENCHURCH, U.K. -- RedPrairie is launching its Duty Management 2009.1 to coincide with the standardization of excise duty calculations by HM Revenue and Customs (HMRC), which will see guidelines for beers, wines, cider, spirits and low-alcohol beverages brought into force in June 2009.
RedPrairie’s International Trade and Customs solution, Duty Management, enables companies to cut costs by delaying payment of all Customs duties & VAT until the latest possible time, usually after the goods leave the warehouse, the company stated.
The upgraded solution will enable users to comply with a new HMRC initiative to implement electronic Alcohol and Tobacco Warehouse Declarations, replacing existing paper forms, the company reported. The Duty Management system will automatically send these declarations directly to the HMRC system, which will save keying time and ensure speed and accuracy. The solution will also enable RedPrairie customers to hold Authorized Economic Operator (AEO) certificate details in the system and include them in declarations to HMRC.
RedPrairie’s International Trade and Customs solution, Duty Management, enables companies to cut costs by delaying payment of all Customs duties & VAT until the latest possible time, usually after the goods leave the warehouse, the company stated.
The upgraded solution will enable users to comply with a new HMRC initiative to implement electronic Alcohol and Tobacco Warehouse Declarations, replacing existing paper forms, the company reported. The Duty Management system will automatically send these declarations directly to the HMRC system, which will save keying time and ensure speed and accuracy. The solution will also enable RedPrairie customers to hold Authorized Economic Operator (AEO) certificate details in the system and include them in declarations to HMRC.