This paragraph examines the interaction between acquisitions, acquisition VAT, warehousing and fiscal warehousing. It should be read in conjunction with the other sections in this Division on the subject of acquisitions and in particular V3.361 which looks at the meaning of acquisition, the identity of the acquirer and when there is a charge to acquisition VAT.
Goods subject to a warehousing regime
Goods are said to be 'subject to a warehousing regime' if they are kept in a warehouse or are being transported between warehouses (whether in the same or different EU member states) without payment of any duty, levy or tax in an EU member state1. A 'warehouse' for this purpose is any warehouse where goods may be stored in any EU member state without payment of any one or more of2:
- Ìý
•ÌýÌýÌýÌý EU customs duty
- Ìý
•ÌýÌýÌýÌý any EU agricultural levy
- Ìý
•ÌýÌýÌýÌý VAT on the importation of the goods into any EU member state
- Ìý
•ÌýÌýÌýÌý any duty of excise3
- Ìý
•
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 13:37