Value Added Tax Act 1994 section 14A

Call-off stock arrangements

Section 14A establishes special rules for "call-off stock" arrangements, where goods are transported to another country and held in stock until a known customer decides to acquire them at a later date.

• Call-off stock is where a supplier sends goods to another country to be held until a known customer "calls off" (takes ownership of) the stock at a future point
• Under these arrangements, the supply is treated as taking place at the time the customer acquires the power to dispose of the goods, rather than when the goods are physically moved
• The rules apply where goods are transported from the UK to Northern Ireland (or vice versa), or between the UK and EU member states, under warehousing or similar arrangements for a specific identified customer
• Certain conditions must be met, including that the customer is identified in advance, the goods are called off within 12 months, and appropriate records are maintained by the supplier

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