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If the following conditions are met

  • Sending and receiving customer VAT number are the same and receiving is not having “Reserves”

    Sending and receiving customer VAT number are the same

  • Has Reserves

  • The VAT code on the reserve account is blank

The sending or receiving VAT number is established as

  • Reserve customer VAT number if not blank OR

  • Stock holding account VAT number

The ownership is not deemed to have changed for the goods being transferred into the account and the CWC will remain same as the stock arriving in the source account.

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