This tax information and impact note sets out the extension of the VAT margin scheme to apply in Northern Ireland on a limited basis in respect of motor vehicles sourced from Great Britain.
This interim measure, once commenced, will provide for the use of the VAT margin scheme for sales in Northern Ireland of motor vehicles sourced from Great Britain.
Motor vehicles first registered in the United Kingdom prior to 1 January 2021 will be available to sell under the VAT margin scheme in Northern Ireland, until the Second-hand Motor Vehicle Export Refund Scheme comes into effect.
Source gov.uk
Latest Posts in "United Kingdom"
- Tribunal Rules Nursery Meal Deliveries by Slice of Pie Limited Are Standard-Rated Catering Services
- UK May Cut VAT on Public EV Charging to Offset Pay-Per-Mile Scheme and Boost Adoption
- UK May Cut VAT on Public EV Charging to 5% to Match Home Rates and Boost Adoption
- UK Overhauls VAT Grouping Rules to Attract Global Investment and Reclaim Overpaid VAT
- Supreme Court Rules VAT on Share Sale Costs Not Recoverable Despite Fundraising Purpose
