on sale or return

What is the position, though, where the buyer resells the goods on sale or return terms?

The supplies are on sale or return and there is a deposit on the raft.

When you supply goods on sale or return etc, they have not been sold and you still own them until such time as they are adopted by your customer.

About 60pc of HMV's music stock is back catalogue, but it is discussing taking only a portion of these older releases on sale or return.

The drink, red and white wine plus Australian fizz, was being delivered on Friday morning from Bottoms Up, on sale or return, and they were lending the glasses.

Goods arriving in the UK on sale or return require the sender to register for VAT in the UK or to appoint a tax representative.

'Rule 4: When goods are delivered to the buyer on approval or on sale or return or other similar terms the property in the goods passes to the buyer:

Rule 4: when goods are delivered on sale or return, or on approval, property passes when the buyer adopts the transaction (or fails to give notice of rejection within a reasonable time).

If the goods were originally sent out of the EU temporarily - for example for exhibition, or because they were on sale or return and they were returned - there is no UK VAT due on import.

If you send goods outside the EU temporarily for exhibition, or sell goods on sale or return and they're returned, then no sale has taken place and you don't have to pay VAT in the UK when the goods are returned.

The supply of goods on sale or return is deemed to be a supply of goods (transfer of own goods) in the Member State from which they are sent and an acquisition in the EU Member State to which the goods are transferred by the business sending them.