As the UK has left the EU, certain VAT simplifications are no longer available to businesses where the movement of goods involves Great Britain. However, if the movement of goods involves EU member states and Northern Ireland, the following simplifications will still apply:
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•ÌýÌýÌýÌý triangulation
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•ÌýÌýÌýÌý call-off stocks
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•ÌýÌýÌýÌý installed or assembled goods
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•ÌýÌýÌýÌý chain transactions
Triangulation
Triangulation occurs when there is a supply of goods involving three parties in three different EU jurisdictions (from 1 January 2021, for these purposes, Northern Ireland is regarded as if it were such a jurisdiction). In its simplest form, triangulation requires there to be a supply of goods from A to B and from B to C. However, there is only one movement of the goods from A directly to C. Without the triangulation simplification, VAT accounting would be onerous in relation to these transactions. Firstly, there would be a supply of the goods from A to B. Assuming that B is registered for VAT in
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Web page updated on 17 Mar 2025 14:29