VAT Margin

Our experienced VAT accountants are on hand to help your business benefit from the tailored VAT margin scheme, from assessments of eligibility and registration to ongoing maintenance of ledgers and records.

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The VAT margin scheme is designed for businesses specialising in the purchase and sale of certain goods, such as collectables, art, and second-hand-goods. Using the scheme means that your business doesn’t have to pay VAT on the full amount for which the goods are sold. Instead, VAT is calculated on the difference between the purchase price of the item and the sale price of an item. Any profit between the difference is calculated at 16.67%, with no VAT required in the instance that no profit was made. Many regulations are surrounding this margin, including which items are deemed eligible.

VAT Margin Scheme

Using the margin scheme for VAT can be very worthwhile for businesses that rely on buying used or specialist goods and re-selling them at a profit. The lower rate of VAT accounts for the value that has been added between the initial purchase and the sale. While the margin scheme is beneficial, it can also mean a time-consuming process for business owners. It can be precious to seek expert assistance when considering entering the margin scheme.

Our experienced accountants can assist your business with multiple areas of the margin scheme, including:

  • Reviewing your business for eligibility
  • Ongoing maintenance of your records
  • Registration and deregistration
  • Output and input calculations
  • VAT returns
  • Compliance checks and investigations


We care for our clients. Building and maintaining fantastic relationships is what we do best, we will never treat you as a number which is what makes our approach so unique. The highest level of customer service combined with a keenness to listen and work together with our clients means that we leave a stream of happy clients in our wake every single day. Our services come with unlimited help and support provided at no extra cost throughout the year.That help and advice will all come courtesy of your own fully qualified and dedicated small business accountant.

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Are you just looking for an answer to a general question? We always provide free advice to individuals and self employed persons. You can send us an email, call us or fill in the form. But you should be asking answers to general questions.

VAT Registration

Its not easy to get VAT register. You would need an expert hand to advice you for VAT registration. Call us for a quick chat.

VAT Flat Rate Scheme

The scheme allows business owners to make their VAT simpler by paying a fixed percentage instead of calculating VAT

VAT Margin Scheme

Using the scheme means that your business doesn’t have to pay VAT on the full amount for which the goods are sold.

VAT Retail Scheme

Retail schemes provide an alternative to the standard process and recording and accounting for the VAT on every sale

Frequently Asked Questions

Most frequent questions and answers

No we do not charge any fee for initial consultation. We will try to give you free guidance if its something you can do easily by yourself. We will only charge you if you appoint us to do some work for you. 

We are giving free advice on general questions and this is one way of paying back to our local community who cannot get through to tax man. But if your question is of specific nature, we will tell you about our fee.

You can certainly ask question about accounting but you should know that we cannot teach you accounting over the phone or online. If you are not familiar with book keeping or accounting, its best to hire an accountant?

If you are only after advice, we will make a decision after hearing question. It may take further investigation and we may have to look into your personal circumstances to answer your question.

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