Recent content by Apple55

  1. Apple55

    VAT Margin Scheme (Global Accounting) Purchase Recordkeeping

    Yes. Very good point. But how would you interpret the text on the main page under of "VAT margin schemes" the heading of "Exceptions: There are different rules if you’re selling:" * - high volume, low price items - you can use the Global Accounting Scheme, a simplified version of the VAT...
  2. Apple55

    VAT Margin Scheme (Global Accounting) Purchase Recordkeeping

    Good information, however I was wondering more on the specifics around how "Purchase Inovice" requirements specifically for Margin Scheme VAT (Global Accounting) have changed after Notice 718 was withdrawn. Specifically the part where it previously stated that when buying from private...
  3. Apple55

    VAT Margin Scheme (Global Accounting) Purchase Recordkeeping

    I can see that the page on HMRC site with title "The Margin and Global Accounting Scheme (VAT Notice 718)" has this text on it "This guidance was withdrawn on 23 December 2021" This notice said that when using VAT Margin Scheme (Global Accounting) you must collect Name & Address from every...
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