1 / 10

Vat Margin Scheme

Find out about the Vat Margin Scheme!

Download Presentation

Vat Margin Scheme

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Vat(Value_added_Tax) Margin Scheme Call us Call us: (+44) 0208 640800 Info@bnwaccountants.co.uk 8 0800 info@bnwaccountants.co.uk

  2. Introduction 1 Limitation 2 . Objective 3 . VAT MARGIN SCHEME Conditions for VAT 4

  3. Introduction Vat Margin Scheme Vat Margin Scheme is designed for the business that specializes in the purchase of goods, such as collectibles art and second hand-goods. It is available for specific goods, not for services.

  4. Limitation Which goods under VAT Scheme , • Second-hand-Goods tangible, moveable, suitable for future use after repair • Antiques goods which are over 50 years old • Collector Items Stamps, coins, and currency ,

  5. Limitations for VAT The taxable person eligible to fulfil this condition • The goods must be purchased from unregistered person • A detailed record is crucial for generating accurate revenue and complete bookkeeping service.

  6. Objectives of Vat Margin Scheme

  7. Objectives Of VAT • Output and input calculation • Ongoing maintenance of your record • Compliance check and investigation • Reviewing your Company Account

  8. VAT Invoice Vat Margin scheme Invoice • Date • Buyer name, address and their business • Item description • Invoice No, Total Prices • Seller name, address

  9. I HOPE YOU ENJOY THE BRIEF INTRODUCTION OF VAT

  10. THANK YOU For more details visit our Website! London Accountants Follow us FacebookTwitterLinkedInInstagram

More Related