Margin schemes

Agents acting in own name

Calculation of profit margin on works of art, etc.

Legislation/Regulatory – SI 1995/1268 art. 12(6)

Generally

Legislation/Regulatory – SI 1995/1268 art. 9

Second-hand motor cars

Legislation/Regulatory – SI 1992/3122 art. 8(6)

Antiques

Generally

Legislation/Regulatory – SI 1995/1268 art. 12

Goods other than works of art or collectors' items

Legislation/Regulatory – Dir. 2006/112 Annex IX, Pt. C

Meaning

Legislation/Regulatory – Dir. 2006/112 art. 311(1)

Auctioneers' scheme

– see Auctioneers' scheme

Collectors' items

Generally

Legislation/Regulatory – SI 1995/1268 art. 12

List

Legislation/Regulatory – Dir. 2006/112 Annex IX, Pt. B

Meaning

Legislation/Regulatory – Dir. 2006/112 art. 311(1)

Combating evasion of VAT

Legislation/Regulatory – Dir. 2006/112 art. 343

Contract under which commission payable, conditions

Legislation/Regulatory – Dir. 2006/112 art. 311(3)

General provisions

Legislation/Regulatory – Notice 718 ; VATA94 s. 50A

Global accounting

Excess amount

Legislation/Regulatory – SI 1995/1268 art. 13(6)

Excluded items

Legislation/Regulatory – SI 1995/1268 art. 13(2)

Generally

Legislation/Regulatory – SI 1995/1268 art. 13

Total profit margin

Legislation/Regulatory – SI 1995/1268 art. 13(3)

Total purchase price

Legislation/Regulatory – SI 1995/1268 art. 13(5)

Total selling price

Legislation/Regulatory – SI 1995/1268 art. 13(4)

Input tax disallowed

Legislation/Regulatory – SI 1992/3222 art. 4

Organiser of a sale by public auction, meaning

Legislation/Regulatory – Dir. 2006/112 art. 311(1)

Principal of an organiser of a sale by public auction, meaning

Legislation/Regulatory – Dir. 2006/112 art. 311(1)

Removal of goods to UK from another member state

Legislation/Regulatory – SI 1995/1268 art. 7, 8

Second-hand goods

Generally

Legislation/Regulatory – SI 1995/1268 art. 12

Meaning

Legislation/Regulatory – Dir. 2006/112 art. 311(1)

Second-hand motor cars

Agent acting in own name

Legislation/Regulatory – SI 1992/3122 art. 8(6)

Art. 5 transaction condition, relevant predecessor in title

Legislation/Regulatory – SI 1992/3122 art. 8(2A)

Art. 5 transaction, meaning

Legislation/Regulatory – SI 1992/3122 art. 8(8)

Auctioneer acting in own name

Legislation/Regulatory – SI 1992/3122 art. 8(7)

Conditions

Legislation/Regulatory – SI 1992/3122 art. 8(1), (2)

De-supplied transaction, meaning

Legislation/Regulatory – SI 1992/3122 art. 8(8)

Determination of profit margin

Legislation/Regulatory – SI 1992/3122 art. 8(5)

Exclusions

Legislation/Regulatory – SI 1992/3122 art. 8(3)

Relevant predecessor in title, meaning

Legislation/Regulatory – SI 1992/3122 art. 8(9)

Taxable dealers

Application of normal VAT arrangements to supply

Legislation/Regulatory – Dir. 2006/112 art. 319

Application of scheme by member states

Legislation/Regulatory – Dir. 2006/112 art. 313(1)

Application to goods supplied within the Community

Legislation/Regulatory – Dir. 2006/112 art. 314

Deductions, entitlement

Legislation/Regulatory – Dir. 2006/112 art. 320

Exemption

Legislation/Regulatory – Dir. 2006/112 art. 321

Exercise of right to opt for application

Legislation/Regulatory – Dir. 2006/112 art. 316

Invoices

Legislation/Regulatory – Dir. 2006/112 art. 325

Meaning

Legislation/Regulatory – Dir. 2006/112 art. 311(1)

Non-deductible VAT

Legislation/Regulatory – Dir. 2006/112 art. 322

Purchase price, meaning

Legislation/Regulatory – Dir. 2006/112 art. 312

Selling price, meaning

Legislation/Regulatory – Dir. 2006/112 art. 312

Separate accounts for transactions under normal VAT arrangements and margin scheme

Legislation/Regulatory – Dir. 2006/112 art. 324

Special arrangements

Legislation/Regulatory – Dir. 2006/112 art. 312-325

Taxable amount

– see Value of supply

Taxable persons, deductions, exclusion

Legislation/Regulatory – Dir. 2006/112 art. 323

Unjustified results

Legislation/Regulatory – Dir. 2006/112 art. 342

Tour operators

– see Tour operators' margin scheme (TOMS)

Transfer of business as a going concern

Second-hand motor cars

Legislation/Regulatory – SI 1992/3122 art. 8(2), (5)

Works of art, antiques, collectors' items and second-hand goods

Legislation/Regulatory – SI 1995/1268 art. 12(3), (5)

Works of art

Generally

Legislation/Regulatory – SI 1995/1268 art. 12

List

Legislation/Regulatory – Dir. 2006/112 Annex IX, Pt. A

Meaning

Legislation/Regulatory – Dir. 2006/112 art. 311(1), (2)

Writing off debts

Legislation/Regulatory – SI 1995/2518 reg. 172A

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