Stay updated with breaking news from Personal Export Scheme. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A general guide to UK export procedures using the National Export System. NOTE: This manual will be affected by the new Customs legislation being introduced in May 2016 and is currently under review.
Detail This notice cancels and replaces Notice 718/1 (December 2020). Details of any changes to the previous version can be found in paragraph 1.2. It applies to supplies of used vehicles within the UK and to acquisitions of used vehicles into Northern Ireland from the EU. 1. Overview 1.1 Information in this notice This notice explains when you may use the Second-hand Margin Scheme to account for VAT on your sales of second-hand vehicles. It explains: how the scheme works what records you must keep This notice assumes that you have a working knowledge of basic VAT principles, as outlined in V...