The Value Added Tax (Miscellaneous Amendments, Northern Ireland Protocol and Savings and Transitional Provisions) (EU Exit) Regulations 2020

Transitional provision in relation to secondary legislation amended by these Regulations

125.—(1) Subject to paragraph (2), regulation 121D of the Value Added Tax Regulations 1995(1) additionally applies to goods that are—

(a) transported from the United Kingdom to a member State prior to IP completion day, and remain located in a member State as at IP completion day; or

(b) exported from a member State prior to IP completion day and remain located outside the member States as at IP completion day.

(2) For the purposes of paragraph (1), the terms “unpaid” and “paid” in regulation 121D(5) of those Regulations also refer to—

(a) an acquisition of goods in the United Kingdom before the re-importation;

(b) an importation of the goods from outside the member States before the re-importation;

(c) a supply or acquisition of the goods in a member State before the re-importation.

(1)

S.I. 1995/2518. A new regulation 121D is substituted by regulation 67 of this instrument.