MACS Software bond management – EMCS regulations update
In October 2009, MACS Software expanded its business by acquiring the intellectual property rights to Solo4 (previously System Lynx) software. As a result, MACS Software’s comprehensive suite of logistics modules now includes an HMRC authorised bonded warehousing solution. Significant developments are currently being made to the MACS bond module to allow our customers to comply with the new European Union Excise Movements Control System (EMCS) regulations.
In a nutshell, EMCS replaces the current paper driven systems used to control the movement of relevant goods (beer, wines and spirits) between locations within the EU. The new electronic regulations are being phased in in two stages. Phase 1, which went live on 1 April, 2010, allows the MACS Bond module to receive details of expected receipts from other EU states and then transmit actual receipts (including any discrepancies) back to HMRC. Also included is the facility to report electronically movements between customs warehouses. Final specifications for the second phase of changes are still awaited from HMRC but these must be in place by 1 January 2011. These changes will facilitate electronic declarations to (and acceptance from) EMCS of movements under bond to approved premises in the UK and EU. MACS Software currently has six bond management customers in the UK, including Northampton-based Norman Global Logistics.
Posted by: MACS Software Ltd
