Value Added Tax Act 1994 section Schedule 9ZB paragraph 25

Supplementary provision

Paragraph 25 of Schedule 9ZB provides key definitions and supplementary rules for the Northern Ireland fiscal warehousing regime, including what happens when goods change nature, when warehousekeeper status is lost, and the regulation-making powers of HMRC.

• Defines key terms including "eligible goods", "material time", "Northern Ireland fiscal warehouse" and "Northern Ireland fiscal warehousekeeper" for the purposes of this Part of the Schedule
• Goods subject to the Northern Ireland fiscal warehousing regime means eligible goods kept in, or being transferred between, Northern Ireland fiscal warehouses — if goods cease to be eligible or a warehousekeeper loses their status, the goods are treated as removed from the regime and the proprietor is treated as the person removing them
• HMRC may make regulations governing the deposit, keeping, securing, treatment and removal of goods in a Northern Ireland fiscal warehouse, including record-keeping requirements, inspection rights, restrictions on operations, transfer rules, and provisions making a warehousekeeper jointly and severally liable for VAT if goods are removed without payment
• Regulations may make different provision for different warehousekeepers, different types of warehouse, or different classes of goods in different circumstances