Value Added Tax Act 1994 section 60

Relevant event occurs within 12 months of arrival

Section 60 sets out the VAT consequences when a relevant event occurs within 12 months of goods arriving in the destination territory, provided that ownership has not already fully passed to the customer.

• If a relevant event occurs within 12 months of goods arriving in the destination territory, and the supplier has not yet fully transferred ownership to the customer, specific deemed supply rules are triggered.
• The supplier is treated as having made a supply of the goods in the relevant territory (which may be the origin or destination territory).
• The goods are treated as having been removed from the origin territory at the time the relevant event occurs, and the supplier is treated as having acquired the goods in the destination territory as a result of this deemed supply.
• The meaning of a "relevant event" is defined separately in paragraph 63, and these rules are subject to the exceptions set out in paragraph 62.