VAT Margin Scheme: Can You Use It for Goods Purchased Before 2004?

• The question of whether used goods purchased before 2004 can be settled using the VAT margin scheme is not marginal.
• The VAT margin scheme cannot be applied to goods manufactured by the supplier.
• The VAT margin scheme does not apply to goods acquired for the taxpayer’s personal property and then brought into their business.
• Goods acquired before May 1, 2004, cannot be settled using the VAT margin scheme.
• The VAT margin scheme applies to goods acquired from a natural person, legal person, or organizational unit without legal personality, not being a taxpayer as defined in Article 15 of the Act, or not being a VAT taxpayer.
• The VAT margin scheme applies to goods acquired from a VAT taxpayer operating in a country other than Poland.
• The argument that the provision has retroactive effect is unfounded and contradicts the clear wording of the law.

Source: ksiegowosc.infor.pl

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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