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VAT Margin Scheme Accountant
For Second hand goods
& Antiques
Preferred by many
VAT Margin Scheme support
Taxcandid helps eligible second-hand goods and dealer businesses understand VAT margin scheme records, calculations and VAT return treatment.
- VAT margin scheme support for eligible goods and dealers.
- Review of purchase and sale records needed to support margin calculations.
- Specialist review where stock, imports or mixed VAT treatment is complex.
Our Accreditations
How VAT Margin Scheme works?
The VAT Margin Scheme is designed for businesses involved in selling second-hand goods, artwork, antiques, or collectibles. It allows VAT to be calculated based on the difference between the purchase price and sale price (the margin), rather than the full selling price.
This scheme can not be used for
Precious Metals & stones
Or gold for investment
Things to know before registering for VAT cash accounting scheme?
Following must be considered before registering for cash accounting scheme for VAT:
What is VAT payment deadline?
It's one month and 7 days
What is VAT reporting deadline?
It's one month and 7 days
What VAT schemes are available?
Cash Accounting scheme
VAT Flat accounting scheme
VAT margin scheme
VAT annual accounting scheme.
Get one of our plans and get your accounts, tax return and VAT returns taken care off. We offer range of services, don't hesitate to enquire.
Get in Touch
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Our customer service assistants are here to help. Call us on 01708 629024
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