Spain consignment call-off stock VAT
A Spanish VAT registration may be required of a foreign taxable person with no Spanish local permanent establishment (local company, staff, offices etc.) when they are retaining goods in Spain for onward sale. This would include regular Spanish VAT reporting of the intra-community arrival of the goods and subsequent sale. However, Spain makes extensive use of the domestic VAT reverse charge option under the EU VAT Directive.
Spanish VAT stock simplification
For EU VAT compliance purposes, there are two types of stock regimes. Below is a summary of how they are applied in Spain:
Spanish call off stock
If the vendor moves stock (but retains legal title) to a customer’s premises for them to retrieve as needed, then no Spanish VAT registration is required of the vendor.
However, the customer must be either Spanish resident (and therefore have a VAT number), or, if non-resident Spanish VAT registered too, be able to demonstrate that the sale will be reported through their Spanish VAT number.
Spanish consignment stock
Where stock is held by a vendor in a single location for multiple customers, this is known as Consignment Stock.
As for Spanish Call Off Stock, no Spanish VAT registration is required in this situation if all the customers can demonstrate a Spanish VAT number – and so the reverse charge applies.
Note, if the goods are coming from outside the EU, they are an import VAT (as opposed to an intra-community supply), and a registration may be required on this basis alone.
Latest Spanish news
March 03, 2019
The Spanish tax authorities are warning UK companies of the obligation to appoint a local fiscal representative for compliance and reclaims in the event of a no-transition deal Brexit on 29 March 2019...
January 25, 2019
The European Commission (EC) has proposed switching from unanimous to majority voting on EU VAT and other tax policies. The aim is to progress fiscal reforms which face immovable opposition from just a limited number of member states...
January 09, 2019
The EU VAT Directive has been updated from 1 January 2019 to introduce a voluntary generalised reverse charge measure on domestic transactions in member states.
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