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If you’re an agent, find out how to use a VAT margin scheme to account for VAT (VAT Notice 718).

• Updated: 23 December 2021

How to use VAT margin schemes - records you need to keep, invoicing and VAT return reporting

• Overview

  VAT margin schemes tax the difference between what you paid for an item…

• Eligibility

  You can only use a margin scheme for: second-hand goods works of art…

• Keeping records

  You must keep the usual VAT records when you use a margin scheme. You must…

• VAT return

  You must show any goods you bought or sold using a margin scheme on your…

Today’s interim monitoring report sets out the Competition and Market Authority’s (CMA) observations on developments in the road fuel retail market since the previous update in November 2024.

• Updated: 31 March 2025

• Updated: 31 March 2021

How to account for VAT if you buy in and resell travel facilities as a principal or undisclosed agent.

• Updated: 18 April 2024

What does governance look like ‘from below’ – from the perspectives of poor and marginalised households? How do patterns of conflict affect that?

• Updated: 27 January 2022

• Updated: 9 December 2015

Find out how to use a margin scheme to account for VAT if you buy or sell second-hand vehicles (VAT Notice 718/1).

• Updated: 23 December 2021

If you import or export goods, find out if you can use a margin scheme to account for VAT. (VAT Notice 718)

• Updated: 23 December 2021

How the TRA will calculate and use injury margins in its investigations and reviews.

• Updated: 4 September 2023