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If you make supplies of second hand goods, works of art or antiques and collectors items you can choose to use this simplified margin scheme to account for VAT.

• 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…

Find out how to use the second-hand motor vehicle payment scheme to make a claim on your VAT Return.

• Updated: 1 May 2023

Find out how to work out the value of a motor vehicle when calculating a payment using the second-hand motor vehicle payment scheme.

• Updated: 25 January 2023

Find out what records and invoices you need to keep as part of the second-hand motor vehicle payment scheme.

• Updated: 1 May 2023

Find out how to use the second-hand motor vehicle payment scheme to make a claim if you are VAT registered in the EU.

• Updated: 22 May 2023

Find out what records and invoices you need to keep as part of the second-hand motor vehicle payment scheme.

• Updated: 1 May 2023

Find out about clearance applications and how to apply to HMRC for advance confirmation of an exempt distribution when a company purchases its own shares.

• Updated: 3 December 2021

If you buy second-hand vehicles, find out how to use a margin scheme to account for VAT (VAT Notice 718/1).

• Updated: 23 December 2021

VAT and other taxes on shopping and services, including tax-free shopping, energy-saving equipment and mobility aids.