SCHEDULES

F1F2SCHEDULE 4BCall-off stock arrangements

Annotations:
Amendments (Textual)
F1

Sch. 4B omitted (17.12.2020 for specified purposes, 31.12.2020 in so far as not already in force) by virtue of Taxation (Post-transition Period) Act 2020 (c. 26), s. 11(1)(e), Sch. 2 para. 7(1) (with Sch. 2 para. 7(6)-(9)); S.I. 2020/1642, reg. 9

F2

Sch. 4B inserted (22.7.2020) by Finance Act 2020 (c. 14), s. 80(5)

1Where this Schedule applies

F11

This Schedule applies where—

a

on or after 1 January 2020 goods forming part of the assets of any business are removed —

i

from the United Kingdom for the purpose of being taken to a place in a member State, or

ii

from a member State for the purpose of being taken to a place in the United Kingdom,

b

the goods are removed in the course or furtherance of that business by or under the directions of the person carrying on that business (“the supplier”),

c

the goods are removed with a view to their being supplied in the destination State, at a later stage and after their arrival there, to another person (“the customer”),

d

at the time of the removal the customer is entitled to take ownership of the goods in accordance with an agreement existing between the customer and the supplier,

e

at the time of the removal the supplier does not have a business establishment or other fixed establishment in the destination State,

f

at the time of the removal the customer is identified for the purposes of VAT in accordance with the law of the destination State and both the identity of the customer and the number assigned to the customer for the purposes of VAT by the destination State are known to the supplier,

g

as soon as reasonably practicable after the removal the supplier records the removal in the register provided for in Article 243(3) of Council Directive 2006/112/EC of 28 November 2006 on the common system of value added tax, and

h

the supplier includes the number mentioned in paragraph (f) in the recapitulative statement provided for in Article 262(2) of Council Directive 2006/112/EC.

2

In this Schedule—

  • “the destination State” means—

    1. a

      in a case within paragraph (i) of sub-paragraph (1)(a), the member State concerned, and

    2. b

      in a case within paragraph (ii) of sub-paragraph (1)(a), the United Kingdom, and

  • “the origin State” means—

    1. a

      in a case within paragraph (i) of sub-paragraph (1)(a), the United Kingdom, and

    2. b

      in a case within paragraph (ii) of sub-paragraph (1)(a), the member State concerned.