The following Value Added Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
Please note that the procedure outlined below ceased to be applicable when the Union Customs Code was introduced on the 1 May 2016. Please see the Union Customs Code - Customs Special Procedures - authorisation and other guidance notes in the Union Customs Code subtopic for more information on the current rules.
This guidance note provides an overview of the treatment of goods that are transferred, exported or otherwise disposed of whilst being held in the UK as IPR goods. This note should be read in conjunction with the following guidance notes:
Goodsimported under IPR can be transferred to another IPR authorisation holder as long as the party receiving the goods has been approved to receive these goods.
If the recipient has not been authorised to receive the goods under IPR, the party transferring the goods may become liable for payment of any customs duties / taxes due plus compensatory interest.
There are various methods available (with their own specific conditions):
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