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HMRC internal manual

VAT Margin Schemes

Specific circumstances: Computer-generated signatures on sales invoices

 

Many large car manufacturers sell quantities of used cars (previously self-supplied vehicles) under the margin scheme.

The requirement for signatures on purchase and sales invoices was removed with effect from January 2002.

Requests may have been received in the past to use computer-produced sales invoices with the seller’s declaration already “signed”. Such requests would have been dealt with at local level, taking into account local knowledge of trader compliance and similar factors.

If your trader has been allowed a concession in the past, he would have been advised in writing and his written agreement obtained. Any current agreements can be cancelled for transactions from 1 January 2002 and confirmed with the trader in writing.