An entrepreneur deals in second-hand watches and telephones. He calculates the VAT due on the basis of the margin scheme. The inspector states that merely mentioning the ‘margin scheme’ on the purchase declarations is insufficient for the application of that scheme. Nor is it plausible that the suppliers did not deduct the input VAT invoiced to them. The Court of Appeal of Den Bosch ruled that the inspector was right to refuse the margin scheme.
Source: www.fiscount.nl
