Find out how to account for VAT on the sale of your goods using the Margin Scheme or the Global Accounting Scheme.
Contents
- 1. Overview
- 2. Basic principles
- 3. Making your Margin Scheme calculations
- 4. Buy and sell goods under the Margin Scheme
- 5. Records and accounts
- 6. Example of a Margin Scheme stock book
- 7. The margin schemes and buying and selling within the EU and Northern Ireland
- 8. The margin schemes and imports and exports
- 9. Transfers of going concerns and assignments of rights
- 10. Works of art, antiques and collectors’ items on which VAT has been charged and the Margin Scheme
- 11. The margin schemes and buying and selling at auction
- 12. The margin schemes and joint purchases and shares
- 13. Further information
- 14. Global Accounting Scheme
- 15. Records and accounts for the Global Accounting Scheme
- 16. Dealers in second-hand horses and ponies and the Margin Scheme
- 17. Agents and the Margin Scheme
- 18. Pawnbrokers and the Margin Scheme
- 19. Dealers in second-hand caravans and houseboats and the Margin Scheme
- 20. Definitions
- Your rights and obligations
- Help us improve this notice
- Putting things right
Source gov.uk