This paragraph covers self-supply charges for:
- Ìý
•ÌýÌýÌýÌý assets on hand at withdrawal from the flat-rate scheme
- Ìý
•ÌýÌýÌýÌý services in warehouses and fiscal warehouses
For an overview of self-supplies more broadly, see V3.241.
Self-supply in respect of assets on hand at withdrawal from flat-rate scheme1
A supply, by a flat-rate trader of capital expenditure goods on which credit for input tax has been claimed is not a 'relevant supply' for the purposes of the flat-rate scheme, and consequently VAT must be accounted for on the supply outside the scheme2. Where a person (P) ceases to be authorised as a flat-rate trader before supplying such goods, a self-supply charge is generated on the date on which P ceases to be authorised. The value of the self-supply is its open market value3. It is also treated neither as a relevant supply nor a relevant purchase, and consequently VAT must be accounted for on the supply outside the scheme4.
Self-supply of services in warehouses and fiscal warehouses
Where
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Web page updated on 17 Mar 2025 13:32