VAT Margin Scheme calculator

The Article 52 margin scheme can apply to second-hand goods, works of art, collectors’ items and antiques bought for resale, for example from a private person or another dealer using the scheme. VAT is calculated on the positive selling-price-minus-purchase-price margin, excluding VAT itself. It is not separately shown as deductible VAT for the buyer. Annex III reduced rates cannot be combined with the scheme for art, collectors’ items and antiques. Additional conditions apply to imports and purchases from creators; opting into the scheme in these cases requires that no reduced rate was applied to the purchase or import.