Paul F
Joined: 8/31/2024
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VAT Margin Scheme Application if you split the product purchases
If you purchase a golf club from a consumer in the UK, can you resell the head and the shaft and apply the VAT margin scheme to both sales? If you can, I would assume you would need to log both shaft and head to the purchase record? Are you able to assign cost to the components up to a total of the purchase cost e.g a 70/30 split?