Archived posting to the Leica Users Group, 2003/08/23
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Hi Ian, Thanks for the explanation. I was merely curious, not implying any dodgy dealings on your part. It is just that all my personal experiences have been with dealers that did use the margin scheme you describe below. Nathan Ian Watts wrote: > Nathan, > > As is often the case on the LUG two and two are put together to get five. > > I am not a dealer but am VAT registered. I bought the lens through my design > business and am selling it through that business. Like any other normal VAT > registered business/person in the UK I need to add VAT when I sell any > item/service (whether the item is new or used is irrelevant*). This means > that if I sell the lens to anybody in the EU I need to add (or account for) > the full rate of VAT at 17.5% (total in this case of 1099 UKP). However, if > I sell to somebody outside the EU I can sell at the net VAT-free price (935 > UKP). > > *Dealers of second-hand goods can, if they wish, use what Customs & Excise > call the 'margin scheme'. Under this scheme VAT is only levied (and > accounted for) on the margin. However, not all dealers use the scheme. > Professional orientated dealers like Robert White > <http://www.robertwhite.co.uk> always quote prices for new and used goods > net of VAT. If you buy used goods from Robert White (and are buying from > within the EU) you will pay the full rate of VAT. > > Hope the above satisfies your curiosity. > > Ian Watts > > -- > To unsubscribe, see http://mejac.palo-alto.ca.us/leica-users/unsub.html - -- Nathan Wajsman Almere, The Netherlands e-mail: n.wajsman@chello.nl Mobile: +31 630 868 671 Photo site: http://www.wajsmanphoto.com - -- To unsubscribe, see http://mejac.palo-alto.ca.us/leica-users/unsub.html