Regulation 145E Fiscal warehousing regimesF1

(1)

Upon any eligible goods entering a fiscal warehouse the relevant fiscal warehousekeeper shall record their entry in his relevant fiscal warehousing record.

(2)

Eligible goods shall only be subject to or in a fiscal warehousing regime at any time—

(a)

while they are allocated to that regime in the relevant fiscal warehousing record;

(b)

while they are not identified in that record as having been transferred; or,

(c)

prior to their removal from that regime.

Annotations

Textual amendments

F1: Pt. 16(A) and heading inserted (28.4.1996) by The Value Added Tax (Amendment) (No. 3) Regulations 1996 (S.I. 1996/1250), regs. 1(1)(2), 12, 13