»Ê¹ÚÌåÓýapp

Goods purchased on a tax invoice cannot be included in the margin schemes. Input tax can be reclaimed on business overheads, repairs, parts or accessories, etc, subject to the normal rules; but these costs must not be added to the purchase price of goods sold under the margin schemes.

»Ê¹ÚÌåÓýapp legal provision which excludes input tax from being recovered on goods bought under the margin schemes is Article 4 of the VAT (Input Tax) Order 1992(SI 1992/3222).