VAT Information | Cheshire Antiques Consultant LTD
Understanding VAT & the VAT Margin Scheme
Cheshire Antiques Consultant LTD | VAT Registration Number: GB 466128775
Cheshire Antiques Consultant LTD is a VAT-registered UK business. VAT treatment varies depending on the nature and source of the item sold.
Our VAT Practice
We use the VAT Margin Scheme for qualifying second-hand goods, works of art, antiques and collectors’ items. Under the Margin Scheme, VAT is calculated on the margin between the purchase price and the resale price, rather than on the full selling price. VAT under the scheme is charged at 16.67% (one-sixth) of the margin.
Where applicable, VAT is accounted for under the Margin Scheme.
Items That May Qualify for the Margin Scheme
- Second-hand goods
- Works of art
- Antiques
- Collectors’ items
Items That May Not Qualify
- Items on which VAT was already charged when purchased, subject to HMRC’s specific exceptions
- Precious metals
- Investment gold
- Precious stones
If you are unsure whether a particular item qualifies under the Margin Scheme, please contact us before purchase for clarification.
Why This Matters
Understanding VAT treatment helps ensure clarity before purchase. Our VAT handling is carried out in accordance with HMRC rules and the records and invoicing requirements applicable to the Margin Scheme.
If you have any questions regarding VAT treatment, please contact us directly.
Cheshire Antiques Consultant LTD ®
Elegant Objects. Transparent Practices.