VATSM3325 - Supply and acquisition: acquisition: definition

The term 鈥榓cquisition鈥� is defined in Article 20 of the Principal VAT Directive (see VATSM3310) and section 11(1) of the VAT Act 1994 (see VATSM3315). The essential elements of an acquisition are a supply of the goods and the movement of those goods between Member States.