Fiscal warehousing

Produced by Tolley
Fiscal warehousing

The following Value Added Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:

  • Fiscal warehousing
  • What is a fiscal warehouse?
  • Eligible commodities
  • Eligibility criteria
  • Authorisation
  • Responsibilities of a fiscal warehouse-keeper
  • Isle of Man and Channel Island transactions
  • Supplying goods located in a fiscal warehouse
  • Goods entering a warehouse
  • Goods sold in a fiscal warehouse
  • More...

This guidance note provides an overview of the VAT treatment of goods that are entered, removed or supplied in a fiscal warehouse.

What is a fiscal warehouse?

This is a regime where certain types of commodities that are already in 'free circulation' within the EU can be traded without the requirement to account for VAT. This regime would be beneficial for businesses who are not VAT registered in the UK, or required to be VAT registered in the UK, if this is the only business activity they undertake in the UK.

If a business has imported goods that are liable to excise duty then the Tax warehouses guidance note may be of more relevance.

If the goods are not in free circulation in the EU then see HMRC notice Customs special procedures for the Union Customs Code (Notice 3001) for information on holding goods in a customs warehouse which may be of more relevance.

No output VAT will be due on the goods entering the fiscal warehouse or on any goods traded whilst in the warehouse. VAT will only become payable when the goods leave the fiscal warehouse regime.

Retail sales are not allowed in a fiscal warehouse and goods cannot be stored in a retail warehouse.

It is also possible for certain services supplied whilst the goods are in the warehouse to be supplied without VAT. More information can be found below.

Goods are usually considered to be in free circulation if they originated within the EU, or if they were imported into the EU, and all relevant import taxes and duties have been paid.

Please see the EU countries – VAT compliance information guidance note for a list of the current EU countries.

Eligible commodities

The following commodities can be placed in a fiscal warehouse:

Eligible goodsCombined nomenclature Code (commodity code / CN)
Copper7402; 7403; 7405; 7408
Lndiumex 8112 91; ex 8112 99
Cereals1001–1005; 1006 (unprocessed rice only); 1007 to 1008
Oil seeks and oleaginous fruit (brazil nuts, cashew nuts,

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