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HMRC internal manual

VAT Margin Schemes

The auctioneers’ scheme: Sales on behalf of pawnbrokers


Auctioneers may use the scheme for the sale of eligible goods on behalf of a pawnbroker where the pledgor is not VAT registered and the pawn value is greater than £75.

The auctioneer will need to obtain confirmation from the pawnbroker that the pledgor is not VAT-registered and retain evidence for assurance purposes. Information about use of the margin scheme by pawnbrokers can be found in VATMARG13550.