VATMARG03200 - Global accounting: Bulk purchases

Bulk purchases with a combined purchase price of over £500 can be included in global accounting. Any items with an individual purchase value of over £500 should be deducted from the total purchase price and excluded from the scheme. The remaining items may then be included in global accounting.

Items valued at over £500 can be included in the margin scheme, provided the relevant conditions are met, or they can be sold under the normal VAT rules.