Retail

Key requirements

The consignor supplies the consignee, who supplies the final customer. Sale-or-return stock has the earlier invoice/payment trigger plus the stated twelve-month removal limit; an actual security deposit differs from payment confirming a sale. The retailer accounts on its own selling price, and the consignor on its supply price. Use the specific guidance for concessions, returns, promotions and supplier rebates. Tourist status alone does not make a retail sale zero-rated; eligible refunds use eTRS. Low-value imported goods and transit-area retail have separate rules. Reconcile stock, acceptance, customer receipts and any credit notes instead of reporting only net cash collected.