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VAT Margin Scheme

VAT Second Hand Margin Scheme: Reclaiming VAT on Overheads

VAT Second Hand Margin Scheme: Reclaiming VAT on Overheads

The VAT Second Hand Margin Scheme applies to any sales and purchases that meet the criteria of the scheme, however you may have paid...
Should I Include all My Sale In the VAT Second Hand Margin Scheme?

Do I Include all My Sales In the VAT Second Hand Margin Scheme?

The VAT Second Hand Margin Scheme is one of the more complicated VAT schemes available to small businesses in the UK. When trying to...
VAT Second Hand Margin Scheme: Calculating Your Margin

VAT Second Hand Margin Scheme: Calculating Your Margin

When calculating your margin for the VAT purposes of the second hand margin scheme, you need to remember this: VAT under the margin schemes is...
VAT Margin Scheme: An Overview

VAT Margin Scheme for Second Hand Goods Businesses

HMRC has designed the VAT Margin Scheme (also nicknamed the 'Second Hand Goods Scheme') for businesses who buy goods from individuals who are not VAT...

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