Margin VAT Scheme Grade Smartphones
The margin vat is a scheme to cover second hand goods, if these goods were already purchased from new within the EU, and VAT was paid.
No VAT will be issued on the invoices under this scheme, and you will need to pay VAT on your margin, as per example below:
Cost of Goods €100
Sale price of goods €150
You will return the VAT on the margin, for the above example:
€150 -€100 = €50, 23% of 50 = €9.35
In the above example the breakdown is:
Please contact your accountant with any queries.
Revenue Margin Vat Link:
EC Directive Link:
Article 313 - 325
Margin VAT Smartphone Website
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