V3.255 Other self-supplies

Self-supply in respect of assets on hand at withdrawal from flat-rate scheme1

The supply, by a flat-rate trader of capital expenditure goods on which credit for input tax has been claimed is not a 'relevant supply' for the purposes of the flat-rate scheme, and consequently VAT must be accounted for on the supply outside the scheme2. Where a person (P) ceases to be authorised as a flat-rate trader before supplying such goods, a self-supply charge is generated on the date on which P so ceases. The value of the self-supply is its open market value3. It is

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