This paragraph examines the time at which an acquisition takes place for VAT purposes and the value of the acquisition by reference to which VAT is calculated. It should be read in conjunction with V3.361 which contains commentary on the meaning of acquisition, the identity of the acquirer and the charge to acquisition VAT.
Time of acquisition
Subject to provisions regarding accounting and payment (for which see 'Acquisitions—accounting and payment' at V3.396), tax on any acquisition of goods from another EU member state becomes due at the time of acquisition1.
The time when an acquisition is treated as taking place is specified in relation to2:
- Ìý
•ÌýÌýÌýÌý transactions involving specified goods where all or part of the consideration is determined or payable periodically, or from time to time, or at the end of a period
- Ìý
•ÌýÌýÌýÌý goods subject to a warehousing regime
- Ìý
•ÌýÌýÌýÌý goods subject to a fiscal warehousing regime
A general rule applies in other cases.
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Web page updated on 17 Mar 2025 13:39