France applies the special margin scheme for dealers in second-hand goods, as defined by the Principal VAT Directive. The margin scheme enables the dealer to account for VAT on the margin between the buying and selling prices rather than on the full selling price of the goods. Use of the scheme is optional.
The eligibility criteria for use of the scheme are:
- Ìý
•ÌýÌýÌýÌý the goods must be eligible;
- Ìý
•ÌýÌýÌýÌý the goods must have been acquired in eligible circumstances;
- Ìý
•ÌýÌýÌýÌý the margin must be calculated in
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Web page updated on 24 Aug 2024 12:51