Aircrafts under the VAT Margin Scheme

Hi HMRC, Please can you confirm if an aircraft (non qualifying under https://www.gov.uk/guidance/ships-aircraft-and-associated-services-notice-744c) would be able to use the VAT margin scheme https://www.gov.uk/vat-margin-schemes/eligibility , given that VAT was not charged or reclaimed on the purchase? Essentially wanting confirmation that an aircraft sold by a VAT registered company can qualify as a second hand good sale under the VAT margin scheme? Thank you

Hi,

Please refer to the guidance on Margin Schemes here:

VAT margin schemess

which advises when an item may be sold using the margin scheme. It is the sellers responsibility to decide whether an item qualifies and whether or not they wish to use the margin scheme for

their sale. Please note that an aircraft cannot be sold using the Global Accounting version of the VAT Margin Scheme.

Thank you.