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Vat Margin Scheme

Find out about the Vat Margin Scheme!

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Vat Margin Scheme

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  1. Vat(Value_added_Tax) Margin Scheme Call us Call us: (+44) 0208 640800 Info@bnwaccountants.co.uk 8 0800 info@bnwaccountants.co.uk

  2. Introduction 1 Limitation 2 . Objective 3 . VAT MARGIN SCHEME Conditions for VAT 4

  3. Introduction Vat Margin Scheme Vat Margin Scheme is designed for the business that specializes in the purchase of goods, such as collectibles art and second hand-goods. It is available for specific goods, not for services.

  4. Limitation Which goods under VAT Scheme ， • Second-hand-Goods tangible, moveable, suitable for future use after repair • Antiques goods which are over 50 years old • Collector Items Stamps, coins, and currency ，

  5. Limitations for VAT The taxable person eligible to fulfil this condition • The goods must be purchased from unregistered person • A detailed record is crucial for generating accurate revenue and complete bookkeeping service.

  6. Objectives of Vat Margin Scheme

  7. Objectives Of VAT • Output and input calculation • Ongoing maintenance of your record • Compliance check and investigation • Reviewing your Company Account

  8. VAT Invoice Vat Margin scheme Invoice • Date • Buyer name, address and their business • Item description • Invoice No, Total Prices • Seller name, address

  9. I HOPE YOU ENJOY THE BRIEF INTRODUCTION OF VAT

  10. THANK YOU For more details visit our Website! London Accountants Follow us FacebookTwitterLinkedInInstagram

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