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HMRC internal manual

VAT Margin Schemes

Introduction: Scope of this guidance

The guidance is aimed at HMRC staff and should not be relied upon by businesses in calculating their taxes and duties.

This guidance is about the margin schemes. It supplements, and should be read in conjunction with:

VAT Notice 718 The VAT Margin Scheme and global accounting

VAT Notice 718/1 The VAT Margin Scheme on second-hand cars and other vehicles

VAT Notice 718/2 The VAT Auctioneers’ Scheme