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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. Ìý

   •ÌýÌýÌýÌý there is an acquisition of goods from another member state

2. Ìý

   •ÌýÌýÌýÌý the goods are eligible goods

3. Ìý

   •ÌýÌýÌýÌý either:

4. Ìý
   1. Ìý

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

   2. Ìý

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

5. Ìý

   •ÌýÌýÌýÌý 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. Ìý

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

A supply