The VAT Committee discussed the application of the VAT call-off stock simplification rules in relation to Brexit (working paper 998). The application of the call off stock simplification rule, applicable as from January 1, 2020, avoids that suppliers have to register for VAT in the EU Member State where the call-off stock is held provided certain conditions are fulfilled. With the UK leaving the EU, the question came up how to treat supplies of stock that were transported to the UK from another EU Member State or from the UK to another EU Member State before the end of the transition period and are supplied or returned after Brexit.
Source: pincvision.com
