BB/16B/05 VAT—amendment of law governing supplies of goods in customs warehousesBusiness Brief, Issue 16. 19 August 2005New rules to counter avoidanceAmendments to the rules governing the supply of goods in a customs warehouse will come into force on 1 September 2005. The new rules address an avoidance scheme in which the value for VAT could be manipulated by businesses selling goods for retail or selling goods to buyers for onward retail sale.The new rules are targeted specifically at the perceived abuse and will mean that VAT-free trading is not available where retail goods are sold to, or are to
Business Brief, Issue 16. 19 August 2005
Amendments to the rules governing the supply of goods in a customs warehouse will come into force on 1 September 2005. The new rules address an avoidance scheme in which the value for VAT could be manipulated by businesses selling goods for retail or selling goods to buyers for onward retail sale.
The new rules are targeted specifically at the perceived abuse and will mean that VAT-free trading is not available where retail goods are sold to, or are to
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