Commentary

V5.271C EU sales statements—call-off stock

Part V5 Compliance, enforcement and appeals

V5.271C EU sales statements—call-off stock

V5.271C EU sales statements—call-off stock

HMRC confirmed in January 20201 that additional information relating to 'call-off stock' movements would be required in EU sales statements under a new SI 1995/2518, reg 22ZA. This followed changes to the call-off stock simplification resulting from the European Commission's package of 'quick fixes'. Details of the call-off stock simplification can be found in V3.213. The legislation is contained in FA 2020 and has retrospective effect for goods moved to EU countries from 1 January 2020.

Under the legislation, a statement is required where2:

  1.  

    •     goods are removed from the United Kingdom under call-off stock arrangements by or under the directions of the taxable person

  2.  

    •     call-off stock goods are returned to the United Kingdom by or under the directions of the taxable person at any time during the period of 12 months beginning with their arrival in the destination member state

  3.  

    •     the taxable person forms an intention to supply call-off stock goods to a person ('the substitute') other than the customer in circumstances where:

  4.  
    1.  

      –     the taxable person forms that intention

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