Vintro Pro
NL · FR · EN
Vintro Pro
NL · FR · EN
Then your margin cannot be established — and that is exactly the amount you pay VAT on.
Then applying the margin scheme correctly becomes difficult or impossible. The scheme taxes the difference between purchase and sale. According to the Belgian FPS Finance, without proof of the purchase price the margin cannot be established, and the full selling price is taxed. In the UK, HMRC says so in as many words.
What you pay VAT on
With a purchase price
VAT on the marginthe difference between purchase and sale.Without a purchase price
VAT on the full selling priceAccording to the FPS Finance, the margin cannot then be established.A missing purchase price throws no error. You notice it at the moment you need it, and by then the piece is usually gone.
For pieces already in stock the late but real answer is: write down what you still know — where it came from, when it arrived, roughly what you paid — and put it to your accountant. For every new purchase: the note is written at the buying, not at the selling.
What you can still do
Pieces already in stock
Write down what you still knowAnd put it to your accountant.Every new purchase
The note is written at the buyingnot at the selling.The purchase date, a description that identifies the piece, the price you paid, and the seller's details. In the Netherlands, from €500 the slip is a purchase declaration the seller signs; outside VAT, the opkopersregister asks for the seller's name and address. In France the livre de police asks for surname, first name and address, the type, number, date and issuer of the seller's identity document, plus the method of payment.
The record-keeping duty in none of the four countries asks for a photo: what is asked is a description, the date, the price and the seller. But with unique pieces a description in words is rarely enough to find one among three hundred — and that is exactly what an inspection or a customer question asks you to do.
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.