32A. Chain Transactions

Summary

This section sets out new rules for chain transactions and identifying which supply in a chain should be treated as the supply with intra-Community transport.

Details

(1) Subsection (1) is a definitions section that defines chain transaction and intermediary operator for the purpose of the section.

(2) Subsection (2) provides the general rule for ascribing the intra-Community transport in a chain transaction and confirms that the transport is to be ascribed to the supply made to the intermediary operator.

(3) Subsection (3) provides an exception to the general rule and confirms that where an intermediary operator provides their supplier with their VAT registration number issued by the Member State of dispatch of the goods, then the intra-Community transport of the goods will be ascribed to the supply made by that intermediary operator.

Relevant Date: Finance Act 2019