Commentary

V5.141A Goods subject to a fiscal warehouse regime

Part V5 Compliance, enforcement and appeals

V5.141A Goods subject to a fiscal warehouse regime

V5.141A Goods subject to a fiscal warehouse regime

VAT payment—supplies/acquisitions of fiscally warehoused goods

An acquisition of goods is treated as taking place in the UK when goods are removed from a fiscal warehousing regime in the following circumstances1:

  1.  

    •     there is an acquisition of goods from another member state

  2.  

    •     the goods are eligible goods

  3.  

    •     either:

  4.  
    1.  

      –     the acquisition takes place while the goods are subject to a fiscal warehousing regime, or

    2.  

      –     after the acquisition but before the next (if any) supply, the acquirer causes those goods to be placed in a fiscal warehousing regime

  5.  

    •     the acquirer, not later than the time of acquisition, prepares and keeps a certificate to the effect that the goods are subject, or will be subject (as the case may be) to a fiscal warehousing regime, and

  6.  

    •     the subsequent supply of the goods takes place while they are not subject to the fiscal warehousing

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