This paragraph looks at simplification measures which arise out of particular circumstances associated with acquisitions. The paragraph should be read in conjunction with the other paragraphs in this Division on the subject of acquisitions and, in particular, V3.361 which explores the meaning of acquisition, the identity of the acquirer and the charge to acquisition VAT. The simplifications described below relate to:
- Ìý
•ÌýÌýÌýÌý chain transactions
- Ìý
•ÌýÌýÌýÌý triangular transactions
Simplification—movements of goods in supply chains
Tripartite movements and cross-border 'quick-fixes' (from 1 January 2020)
Significant confusion can arise when seeking to establish the VAT status of cross-border movements of goods under tripartite arrangements (ie where there is a supply from A in member state 1 to B in member state 2, to C in member state 3, but the goods move direct from member state 1 to member state 3). Given that only one supply in the chain can be regarded as the intra-Community supply (ie the supply which is zero-rated, but acquisition VAT is accounted for by the recipient),
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Web page updated on 17 Mar 2025 13:59