Margin scheme and VAT
- Tim Tom uses the margin scheme by default when selling vintage furniture. This tax scheme applies to used products, among other things. VAT is calculated only on the margin between purchases and sales. All prices include VAT, but no VAT amount is shown on the invoice. The use of the margin scheme is stated on the invoice: ‘ Prices including VAT according to a special scheme: used goods. Thus, VAT is not deductible.
- For companies within the Netherlands, we can also produce normal VAT receipts upon request. For more information email firstname.lastname@example.org
- When selling new products, the standard VAT rates apply.