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VAT: motor vehicle second-hand margin scheme introduced for NI

Published on: 26 January 2023
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Specialist Tax Regulatory Materials

Article summary

New legislation introduces the long-anticipated VAT margin scheme for second-hand motor vehicles bought in Great Britain and removed to Northern Ireland or exported to the EU for resale, side-stepping the restriction on second-hand margin schemes in the Northern Ireland Protocol.

Jurisdiction(s): England, Northern Ireland, Scotland, Wales and Isle of Man

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