- Consignment and call-off stock are different VAT arrangements for cross-border stock held near customers, and the distinction depends on who controls and uses the goods.
- Consignment stock is stock held in another country under the supplier’s control, often for multiple potential customers; sale-or-return goods are treated the same way.
- Call-off stock is goods transferred to a stock location where a specific customer can take (“call off”) and pay for them as needed.
- Goods stored by the supplier rather than the customer, or stock available to more than one customer for call-off, are usually treated as consignment stock, not call-off stock.
- VAT treatment can require a deemed supply, acquisition, and possible VAT registration in the destination country, with VAT usually due where the stock is located when sold.
Source: marcusward.co
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "United Kingdom"
- UK VAT Reforms and Compliance Changes Businesses Should Watch
- HMRC Updates VAT Capital Goods Scheme with Major Simplification Changes
- HMRC Tightens VAT Recovery Rules for Funded Pension Scheme Costs
- UK Cuts VAT on Domestic Electricity to Zero from October 2026
- FTT Partially Allows VAT Fraud Appeal in A & A Contractors v HMRC
