FHDDS31200 - Approval, revoking the approval and variations: approval 鈥� policy: who must seek approval

(Finance Act (No.2) 2017, sections 49 & 50)

A person must seek approval if their business stores any goods that are:

  • imported from a country outside the UK
  • owned by, or stored on behalf of, someone established outside the UK
  • being offered for sale and haven鈥檛 been supplied in the UK for VAT purposes.

A 鈥榩erson鈥� includes:

  • an individual
  • a partnership
  • a limited liability partnership
  • a limited company
  • a public limited company
  • individual members of a group of companies - within the meaning of the

The above list is not exhaustive.

More details on who is within the scope of legislation can be found in FHDDS23000.

To work out whether a business is 鈥榚stablished outside the UK鈥�, you should consider where the functions of the business鈥檚 central administration take place. This includes where:

  • essential management decisions are made
  • the registered office is located
  • management meetings take place