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Acquisitions made by taxable persons

For the accounting of VAT on acquisitions made by taxable persons, see V3.396. Note that with effect from IP completion day, the concept of acquisitions of goods from other member states only applies to the acquisition of goods into Northern Ireland. As the UK has left the EU, any movement of goods from the EU to Great Britain (England, Scotland and Wales) is treated as importations.

The following provisions therefore refer to the regime for acquisitions that was in place before IP completion day.

Acquisitions made by non-taxable persons—VAT

In general, acquisitions by non-taxable persons are subject to VAT in the member state from which they are despatched, and consequently there is no further tax liability when the goods enter the UK. There are, however, two exceptions to this rule, namely acquisitions of goods subject to excise duty, and acquisitions of new means of transport. The means by which VAT is paid in relation to such acquisitions is set out below.

Acquisitions