What is VAT Margin scheme?

For Second hand goods

& Antiques

Preferred by many

Explore Prices

Get Quote

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

GET QUOTE from us

Things to know before registering for VAT cash accounting scheme?

Following must be considered before registering for cash accounting scheme for VAT:

Get in touch with us to dicuss your needs.

Learn more

We Provide you a Quote and Send you our engagement letter

Learn more

You sign our Engagement Letter & sign Direct Debit (if asked).

Learn more

All set! We will manage your accounting and taxes and keep you upto date.

Learn more

Why us?

Qualified Team

Our Team is qualified with top accounting bodies like ICAEW ACCA AAT

Experts in Accounting Tax

We have a decade of experience in accounts preparation for companies & Businesses

Deadline Management

We keep a sharp eye on deadlines to avoid penalties, interest and surcharges.

Regular Reminders

We employ expert methods to keep you reminded of your compliances to stay on top of business.

Must

Unlimited Advice

Getting a timely advice is essential, we have robust communication with our clients to provide effective advice.

Cost Efficient

In the cost-of-living crises everyone is struggling to meet ends. We use digital and online methods to reduce our cost and your fee.

Complete our webform or contact us via email or telephone or submit a ticket

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

Call us

Our customer service assistants are here to help. Call us on 0170 862 9024

Contact form

Leave your enquiry by completing our form contact us

Send an Email

Send us an email with your query to get started.

FAQ's

How to register for VAT?

You can register for VAT onlineby using your government gateway ID and password.

When to register for VAT?

You must register for VAT once your turnover exceeds £85,000 is next 12 months or 30 dayssee details

Do I get penalised for late VAT submission

Penalties and surcharges are payable for non compliance for VAT purposes. seedetailsto read more!

Can I Cancel my VAT Registration?

You can cancel your VAT registration if you are no longer eligible for VAT registration or your turnover falls below £83,000. to read more.

Trustpilot reviews

It was difficult to pick only one reasoning for the 5 star rating, in fact all the features are top notch. I love the design, and the pre built elements make your life a hell of a lot easier.