> > I wasn't aware that the VAT was lower on used items or calculated on > margin instead of selling price.
The VAT rate is the same. > However it simply isn't invisible to > the buyer since they can still see non-VAT pricing via the net. > Really? On second-hand goods? Where? There may be different rules for distance trade, but generally if you sell to a non-EU buyer it is the buyer's responsibility to claim the VAT back - the seller still has to charge it and pass it on to the government. In the case of second-hand goods under the margin scheme the seller doesn't know what the VAT will be until he's actually sold the item. It wouldn't make much sense commercially to quote the VAT separately because a) he might not get the quoted price and b) he's revealing his margin and giving the buyer a big bargaining chip. I think a more likely scenario is that the seller quotes a price without listing VAT separately then, when the selling price has been agreed he either deducts the VAT at source or tells the buyer how much to reclaim. Bob -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net to UNSUBSCRIBE from the PDML, please visit the link directly above and follow the directions.
