Ireland Only - Deposit Return Scheme

If you produce in-scope drinks containers, you need to record a deposit fee, and a producer fee. To do this:

• Create a nominal code called "Re-turn deposit fee" in the current assets category 
• Create a nominal code called "Re-turn producer fee" in the overheads category

Making payments to Re-turn

When making payments for the Deposit Return Scheme:

• Post a bank payment to the nominal codes created above for the amount paid to Re-turn
   TIP: Use your non vatable tax code (T9 by default). 

Selling products to a retailer

When you sell DRS-applicable products to a retailer, follow these steps:

• Create a non-stock product record called "Re-turn deposit fee" 
   TIP: Set the Tax Code in the Defaults section to your usual non vatable tax code (T9 by default). Choose the Re-turn deposit fee nominal code created earlier as both the Sales and Purchase Nominal Code.
• Add a line to relevant invoices, including the new Re-turn deposit fee product. Enter the amount in the Price column when creating the invoice.

Get started by:

• Creating a nominal code called "Re-turn deposit fee" in the current assets category
• Creating a nominal code called "Re-turn reimbursed fees" in the current assets category 
• Creating a nominal code called "Re-turn handling fees" in the sales category

Purchasing from suppliers

When you enter a purchase invoice for DRS-applicable products:

• Create a non-stock product record called "Re-turn deposit fee" if you haven't already
   TIP: Set the Tax Code in the Defaults section to your usual non vatable tax code (T9 by default). Choose the Re-turn deposit fee nominal code created earlier as both the Sales and Purchase Nominal Code.
• Add a line to relevant Purchase Orders or Batch Supplier Invoices, including the new Re-turn deposit fee product (for Purchase orders). For Batch invoices the Re-turn deposit fee nominal code. Enter the amount when creating the invoice or order
  

Selling drinks to consumers

When you create a sales invoice or a bank receipt for sales to consumers, add an additional line for the Re-turn deposit fee nominal code. Use the code used earlier to record the deposit payment to the supplier. Use a non vatable tax code (T9 by default).

When a consumer returns the container 

Post a bank payment to the Re-turn reimbursed fees nominal code created earlier, using a non vatable tax code (T9 by default).

When you're reimbursed for consumer returns

Use the nominal activity from the Re-turn reimbursed fees code, or the nominal activity report for the required period to calculate the reimbursement due. Find out more about nominal activity here >

Once you receive the reimbursement:

• Post a bank receipt to the Re-turn reimbursed fees nominal code. Use the non vatable tax code (T9 by default)

 NOTE: Posting the receipt will cancel out the balance, leaving a zero balance on the nominal ledger.

Recording handling fees

To record handling fees received, post a bank receipt to the Re-turn handling fees nominal code created earlier.