Policy paper

The Value Added Tax (margin schemes and removal or export of goods: VAT-related payments) order 2023

This tax information and impact note is about a VAT-related payment scheme for motor vehicle exporters.

• From: HM Revenue & Customs
• Published: 25 January 2023
• Last updated: 4 April 2023 — See all updates

Documents

The 2023 Value Added Tax (margin schemes and removal or export of goods: VAT related payments) order

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This measure provides for a VAT-related payment scheme so that businesses that buy used motor vehicles in Great Britain and remove or export these to Northern Ireland or the European Union for resale may be able to claim a payment equivalent to VAT on the price paid.

This will put businesses in a similar financial position as if they had continued access to the second-hand margin schemes for these vehicles.

Published 25 January 2023
Last updated 4 April 2023 + show all updates

1. 4 April 2023

   The title of the content has been corrected to refer to 2023 and the '6.1 Exchequer impact (£m)' section has been updated.

2. 25 January 2023

   First published.