Margin Schemes apply to businesses that deal with second-hand goods, works of art, or antiques. Instead of paying VAT on the full selling price, VAT is calculated on the difference between the purchase price and the selling price (the margin). This scheme is beneficial for businesses that operate in markets where VAT cannot be charged on sales. This scheme can be used by: This scheme cannot be used for: 4.8 Rating 5.0 Rating 4.9 Rating We are Experienced Accountants providing accounting, tax, payroll, VAT services for over a 15 Years. We have worked with many software & cloud platforms are we are best placed to advice and integrate system that works for you and you can afford. Licensed by world’s top accountancy bodies. ICAEW & ACCA firm. For Accounts production – VAT – Tax Returns – Tax Advisory Tax and Business advisory to save Tax and future planning. Our effective system ensures that none of your deadlines are missed thus avoiding penalties and stress. Get one of our accounting package! What is VAT Margin Scheme?
Pay VAT on gross profits
Suitable for second hand goods and antiques
Sellers for artwork can use it.
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VAT Margin
How does VAT Margin scheme works?
Eligibility
Who can use Margin Scheme?
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