Value Added Tax in local language is "Taxe sur la valeur adjoute"

French consignment or call-off stock

France allows a consignment stock simplification when the applicable conditions are met.

Normally, an intra-Community acquisition followed by a local sale requires a VAT registration. However, where a) these goods are stored for less than 3 months and b) the parties have a written consignment agreement in place, the VAT registration can be avoided.

For example, if a jewellery business moves stock from another EU country to a warehouse location in France, a VAT registration is not required provided these goods stay for less than 3 months in the warehouse and the parties have reached a consignment agreement. The customer will therefore make an intra-Community acquisition when the goods are withdrawn from the warehouse.  This customer should also report the purchase in the "Déclaration d´Echanges de Biens".

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