V3.132 The basic tax point

Under the general rule described in V3.131, a supply of goods or services may be treated as taking place at a time which HMRC refer to as the 'basic tax point'. This point arises in one of the following circumstances.

Goods which are to be removed

These goods are treated as being supplied at the time of removal1. This is the time when physical possession of the goods is transferred from the supplier to the customer2 or his agent3, ie when the goods are collected or delivered4.

Goods which are not to be removed

These goods are

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