Margin Scheme
23rd November 2020
In line with EU rules, margin schemes involving goods, such as the second-hand margin schemes, will not usually apply for sales in Northern Ireland where
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In line with EU rules, margin schemes involving goods, such as the second-hand margin schemes, will not usually apply for sales in Northern Ireland where
Intra-EU rules and simplifications, such as triangulation, will not be available for movements of goods involving Great Britain. Such simplifications will be available for movements
Businesses that move their own goods between Great Britain and Northern Ireland, will usually be able to recover the full amount of VAT incurred as
Goods sold on board ferries between Great Britain and Northern Ireland will continue to be taxed domestically in the same way as they do now.
The VAT Retail Export Scheme (RES) permits retailers to offer refunds of VAT on goods to visitors to the EU and Northern Ireland where they
UK VAT groups will continue to operate largely as they do now. VAT groups will continue to be able to include members that are established
A business will not be required to account for VAT when it moves its goods from Northern Ireland to Great Britain unless these goods have
When a VAT registered business moves goods from Great Britain into Northern Ireland, VAT will be due. The business will need to account for VAT
This refers to goods transported via Northern Ireland from an EU member state, for example the Republic of Ireland. Where goods are sold and moved
This refers to goods transported via Northern Ireland to an EU Member State, for example the Republic of Ireland. Similar to accounting for a direct
VAT will continue to be accounted as it is currently on goods sold between Great Britain and Northern Ireland. This means that the seller of
Northern Ireland is, and remains, part of the UK’s VAT system. There will be no requirement for a new VAT registration for sales of goods