SCHEDULES
F1F2SCHEDULE 4BCall-off stock arrangements
Sch. 4B inserted (22.7.2020) by Finance Act 2020 (c. 14), s. 80(5)
3Goods transferred to the customer within 12 months of arrival
F11
The rules in sub-paragraph (2) apply if—
a
during the period of 12 months beginning with the day the goods arrive in the destination State the supplier transfers the whole property in the goods to the customer, and
b
during the period beginning with the day the goods arrive in the destination State and ending immediately before the time of that transfer no relevant event occurs.
2
The rules are that—
a
a supply of the goods in the origin State is deemed to be made by the supplier,
b
the deemed supply is deemed to involve the removal of the goods from the origin State at the time of the transfer mentioned in sub-paragraph (1),
c
the consideration given by the customer for the transfer mentioned in sub-paragraph (1) is deemed to have been given for the deemed supply, and
d
an acquisition of the goods by the customer in pursuance of the deemed supply is deemed to take place in the destination State.
3
For the meaning of a “relevant event”, see paragraph 7.
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