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Home / De-Voil / Part V16 Forms and other HMRC material / Division V16.5 Information Sheets / Information Sheets / V16.870 Changes to the VAT second-hand margin scheme
Commentary

V16.870 Changes to the VAT second-hand margin scheme

Part V16 Forms and other HMRC material

VAT Information Sheet 6/01, December 2001

What is this about?

This information sheet does two things—

  1. Ìý

    —ÌýÌýÌýÌý it draws your attention to a revised version of Notice 718, margin schemes for second-hand goods, works of art, antiques and collectors' items; and

  2. Ìý

    —ÌýÌýÌýÌý it summarises the changes to the margin scheme which are contained in the revised notice.

The new revised notice will be available in January 2002

Who does it affect?

It affects you if you use the VAT margin schemes for second-hand goods, works of art, antiques and collectors' items.

Most of the notice improves Customs and Excise guidance on how the scheme works.

But the new notice also contains

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