Value Added Tax Act 1994 section 18D

Removal from warehousing: accountability

Section 18D establishes who must pay the VAT when goods leave a fiscal warehouse, and when that payment is due.

• VAT becomes payable at the point goods are removed from a fiscal warehouse or at the excise duty point, whichever applies
• The person who removes the goods is liable for the VAT, or where excise duty applies, the person required to pay that duty must also pay the VAT alongside it
• HMRC may make regulations allowing taxable persons to defer payment of VAT beyond the standard payment time
• Any deferral regulations may distinguish between different types of taxable persons and different types of goods and services