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Posted Mon, 09 Sep 2024 17:07:26 GMT by secondtrader2
I sell second hand goods under the Margin Scheme for Second Hand Goods and issue a receipt without a VAT figure and with the text stating "Margin Scheme for Second Hand Goods". One of my customers has queried and I want to point them to the documentation that states they cannot reclaim VAT. This is not explicit in https://www.gov.uk/vat-margin-schemes, can you point me elsewhere please that makes this clear.
Posted Fri, 13 Sep 2024 07:29:12 GMT by Jay Cooke
https://www.gov.uk/vat-margin-schemes/keeping-records (you'll need to read through to the section under "selling").
Posted Fri, 13 Sep 2024 09:12:06 GMT by HMRC Admin 21 Response
Hi secondtrader2,
Please see the guidance below:
VAT Margin Schemes
Thank you.
Posted Sat, 14 Sep 2024 06:22:21 GMT by secondtrader2
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