Commentary

V4.209 Services in warehouses and fiscal warehouses

Part V4 Exemption, zero-rating and reduced rates

V4.209 Services in warehouses and fiscal warehouses

V4.209 Services in warehouses and fiscal warehouses

This paragraph examines the zero-rating which applies to 'specified services' performed on or in relation to goods which are subject to a warehousing regime or to a fiscal warehousing regime1. For an overview of the suspension of import VAT under warehousing, see V3.332.

The regimes are designed to allow the VAT-free (and, in the case of warehousing regimes other than fiscal warehousing, duty-free) trading of certain goods. The fiscal warehousing regime was introduced in the UK with effect from 1 June 1996, to correct the disparity between the treatment of goods in free circulation and those not in free circulation (for free circulation, see V3.302).

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