VAT Margin equivalent for EU products
Discussion
Due to their being various business owners in here I am wondering if anyone can help.
We are looking at purchasing some stock from an EU supplier this summer, quite a large order of about £60k with similar amount 2-3 times per year.
The products they have offered us are rented out to companies, retail sector, tourism/leisure and then at the end of the term sent back to the supplier, fully refurnished and resold with a warranty.
We can get the product at an attractive price but they would need to be sold under something like a margin scheme as they need to be sold a fair bit below RRP to tempt people.
I know since Brexit a lot of EU/UK trading has changed but if there something we could do UK or even EU based which would allow us to sell and pat VAT on the margin rather than sales price with it being a used product?
We are looking at purchasing some stock from an EU supplier this summer, quite a large order of about £60k with similar amount 2-3 times per year.
The products they have offered us are rented out to companies, retail sector, tourism/leisure and then at the end of the term sent back to the supplier, fully refurnished and resold with a warranty.
We can get the product at an attractive price but they would need to be sold under something like a margin scheme as they need to be sold a fair bit below RRP to tempt people.
I know since Brexit a lot of EU/UK trading has changed but if there something we could do UK or even EU based which would allow us to sell and pat VAT on the margin rather than sales price with it being a used product?
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