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Post Info TOPIC: Margin Scheme Supply
darlene82328


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Margin Scheme Supply
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Hi, new to this forum, hope this is the right place to post this question:)

I have got a supplier invoice from my boss. On the invoice, it indicates 'this invoice has been for a margin shceme supply', not sure if I should reclaim purchase tax on it.

I have read information on HMRC, but still not clear. Hope anyone could help me?

Thanks!!



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Haysden


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Hi, purchase tax disappeared in 1973 (!), so I guess you mean input tax. Any invoice raised under the second hand or tour operators' margin schemes shouldn't show VAT anyway, so the answer's a clear 'NO!'



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darlene82328


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Thanks Haysden. sorted now.

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