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  1. Home
  2. Money
  3. Business tax
HMRC internal manual

VAT Margin Schemes

From:
HM Revenue & Customs
Published
12 April 2016
Updated:
3 December 2021 - See all updates
  1. Back to contents

VATMARG03000 - Global accounting: contents

  1. VATMARG03050
    What is global accounting?
  2. VATMARG03100
    What goods can be sold under global accounting?
  3. VATMARG03150
    Purchase and sales invoices for global accounting
  4. VATMARG03200
    Bulk purchases
  5. VATMARG03250
    Collections
  6. VATMARG03300
    Treatment of scrap and items broken up for use as spares
  7. VATMARG03350
    Global accounting records and accounts
  8. VATMARG03400
    What if items are sold outside the scheme?
  9. VATMARG03450
    Opening stock and global accounting
  10. VATMARG03500
    Can global accounting be used retrospectively?
  11. VATMARG03550
    Negative margins
  12. VATMARG03600
    Use of global accounting by pawnbrokers
  13. VATMARG03650
    Leaving the global accounting scheme
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