Bluechip Classics 7 Posted November 10, 2017 Morning all, I'm getting through all the list of things I need to do prior to starting trading full time in the New Year and I'm on to stationary. Looking at sales invoice books on ebay etc. and they all seem to have a statement similar to this: “input tax deduction will not be claimed against the vehicle sold on this invoice” This has slightly confused me as I certainly do want something back from my purchase!! Is this just a statement that I am operating under the margin scheme? Would I still put the VAT payable (my output tax) on the invoice? Apologies if it's a dumb one! Cheers, Pad Share this post Link to post Share on other sites
rich89 11 Posted November 10, 2017 No, if it's on the margin scheme you don't show any VAT. That gets calculated when you do you VAT return. That statement appears to just say it's not a VAT Q car. 1 Share this post Link to post Share on other sites
Bluechip Classics 7 Posted November 10, 2017 Ah righto, makes sense now... thanks for clarification. Cheers Pad Share this post Link to post Share on other sites
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