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Posted Sat, 05 Aug 2023 19:33:04 GMT by
So, I buy a second hand good from a non-VAT registered seller for £100 and sell it on for £160. I pay Margin Scheme VAT of 1/6 on the profit, so VAT of £10. Is my Revenue figure £150 or £160? Thanks!
Posted Thu, 10 Aug 2023 08:06:57 GMT by HMRC Admin 25
Hi paul k,
Please refer to link below:
VAT margin schemes
Thank you. 
Posted Thu, 10 Aug 2023 08:30:01 GMT by
I cannot see an answer in the link provided, please advise
Posted Wed, 16 Aug 2023 06:32:29 GMT by HMRC Admin 25
Hi paul k,
The link advises how to account for the VAT on margin scheme sales.
We do not use the term 'revenue sales' so I'm unsure what your query actually is, please confirm. 
As far as accounting for the VAT goes, the link does provide all of the relevant information. 
Thank you. 

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