Vintro Pro
NL · FR · EN
Vintro Pro
NL · FR · EN
The law names repair in so many words. Cleaning and mending does not change the scheme.
Yes. The definition covers goods suitable for further use, as they are or after repair. Restoring a cabinet, rewiring a lamp or servicing a bicycle therefore does not take the piece out of the margin scheme. What you put in in parts and hours does not raise your purchase price — the margin stays the difference between what you paid and what you receive.
Repair does not take a piece out of the margin scheme
The definition: goods suitable for further use, as they are or after repair.
That last part is what surprises dealers. Buy a cabinet for 200 euros, put 150 euros of new fittings and hours of work into it, and sell it for 600: your margin for VAT is 400 euros, not 250.
A 200-euro cabinet, 150 euros of work, sold for 600
Your margin for VAT
Not like this
What you put in in parts and hours does not raise your purchase price.
If you buy those parts with VAT, that VAT is normally deductible as a business cost — which is separate from the margin scheme on the piece itself. Explain the distinction to your accountant once and it is settled.
Start from what the piece really cost you: the purchase price plus transport, any import costs, and whatever you put into repair. Then account for the VAT that sits inside your margin, because you pay that over. What is left is your real profit — and only then do you compare with what similar pieces fetch.
No. A good is only a margin good if you bought it from someone who could not charge VAT on it, such as a private individual, a non-taxable person, or a dealer who sold under the margin scheme himself. Bought on an invoice showing deductible VAT, the piece is, in Belgium, the Netherlands and France, second-hand but not a margin good. In the UK, art, antiques and collectors' items you imported yourself, and art bought from its creator, can still go under the margin scheme after a written election to HMRC (SI 1995/1268 art. 12).
Vintro Pro keeps, per piece, what you paid, when, and where it came from. Your stock list and your margin VAT build themselves while you work.
30 days free, no card number.