Call off stock rules
VAT Question
The EU is making changes to the call off stock rules from 1st January 2020. Will this affect me as I keep my stock in a fulfilment centre in the EU? I only sell to consumers (B2C).
VAT Answer
Call off stock is the term used to describe stock owned by a supplier which is held in another EU country where their customer is located, (probably in a warehouse, fulfilment centre or other location), in order to speed up the time it takes for the goods to get to their customers.
The change to the rules surrounding call off stock will apply to UK suppliers selling call off stock to their EU business customers only (B2B).
From 1st January B2B sales of call off stock may be treated as an Intra EU dispatch of goods when the B2B customer calls them off (as long as the stock is called off within 12 months of them arriving in that EU country). This simplification will mean the supplier no longer has to be VAT registered in the customer’s EU member state, (unless the supplier has a fixed establishment in the EU member state where the customer is located).
There are no changes required if you are selling B2C. So, if you are a UK business and keep your stock in for example a fulfilment centre in France and supply non-VAT registered customers (B2C) in France, you will still be required to remain VAT registered in France and charge French VAT on your sales to your customers and file a French VAT return.
Related VAT Questions
Evidence of Zero-Rate Building Services Regarding New Dwelling
My client is a DIY housebuilder and has engaged the services of a building contractor to build the house for them. The contractor is insisting that, in order for him to zero-rate his supplies to my
VAT on Baby Clothes
My client, who sells baby gifts and accessories, has just registered for VAT. Are these zero-rated supplies like children’s clothing? Items sold include baby sized towels, muslin cloths, blankets
Payroll for UK employees going to work overseas and offshore remote workers
We are frequently asked to advise on the Income Tax and National Insurance treatment of UK employees who are being sent to work overseas, and employees who will work remotely from an offshore locat
Supply and Installation of Window Blinds
My client supplies blinds for windows and back in 2021, supplied and installed some blinds to houses at a new housing development before the houses were complete.
What if the Supplier has Charged UK VAT
Do I need to reverse charge VAT for any supply of services ((i.e., software from Apple, Microsoft, Adobe etc…) with no valid vat receipt (no GB vat number). Is any supply of services (i.e.
Are ‘as new’ goods classed as “second-hand goods” for the Second-Hand Margin Scheme?
My client buys high end, high value footwear, mainly trainers, from private sellers so does not incur VAT when he buys the footwear. However, he will only buy the footwear if they are still boxed a
Real people, real results
Vantage Fee Protect provide market leading Tax Fee Protection
Insurance schemes through accountants.
Don’t be shy,
get in touch
Vantage Fee Protect provide market leading Tax Fee Protection
Insurance schemes through accountants.
"*" indicates required fields