Apple55

Hi HMRC Admin 13, It appears there is an issue with the page because it has a non working link where it says: "You must keep records:" "of purchase and sales (link to selling section), together with how you’ve worked out the VAT due" It appears there was meant to be a clickable link but it is missing/not working. Also the page does not specify what data is required to be collected from every purchase of second hand goods that is made. It does not mention seller name or address or any other specifics. Can I please request more clarity on this topic?

Is there a requirement to collect private sellers Full Name & Address for each purchase to fulfill the record keeping duties?
The question is for "Global Accounting VAT Margin Scheme" specifically in relation to buying large volume second hand goods from private buyers on marketplaces such as Vinted with the goal to resell under the Scheme.
p.s. It appears the old VAT Notice 718 (withdrawn year 2021) said that it was required (again in relation to Global Accounting Vat Margin Scheme) and the new guidance does not mention this requirement?
I emphasize this is not to be confused with the regular VAT Margin Scheme requirements.
Unless it is one and the same thing?
Which I think it is not because the Global Accounting is listed under the "Exceptions" on the "VAT margin schemes".
This is why this guidance is not very clear to me.
Does anyone have clarity on this?