Businesses that resell second-hand goods, works of art, antiques and collectors' items can opt into a special margin scheme, although the general system is also allowed.
This scheme can only be applied when the goods sold have been purchased from non-businesses, in an exempt transaction, or from other dealers under the same scheme.
This is a margin scheme, accounting for VAT on the margin between the buying
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Web page updated on 17 Mar 2025 17:00