Extension of VAT second-hand margin scheme in NI

Eligible vehicles purchased in Great Britain and moved to Northern Ireland before 1 May 2023 can now be sold under the margin scheme until 30 April 2024. Until 1 May 2023, businesses could account for VAT on second-hand vehicles bought in Great Britain and sold in Northern Ireland under the second-hand margin scheme. This meant […]

Transitional arrangements ending for NI second-hand car sales

From 1 November 2023, businesses will have to account for VAT on the full selling price of all vehicles bought in Great Britain and sold in Northern Ireland. Until 1 May 2023, businesses could account for VAT on second-hand vehicles bought in Great Britain and sold in Northern Ireland under the second-hand margin scheme. This […]

VAT rules change for GB-bought second-hand vehicles sold in NI

From 1 May 2023, businesses will no longer be able to use a margin scheme when buying second-hand vehicles in Great Britain and selling them in Northern Ireland. VAT-registered businesses buying second-hand vehicles in Great Britain and selling them in Northern Ireland can currently benefit from the second-hand margin scheme, subject to its rules. This […]