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Commentary

Margin scheme: second-hand goods, works of art, collectors' items and antiques, and used cars

13 Finland
13 Finland | Commentary

Margin scheme: second-hand goods, works of art, collectors' items and antiques, and used cars

13 Finland | Commentary

Margin scheme: second-hand goods, works of art, collectors' items and antiques, and used cars

Finland operates a special margin scheme for dealers in second-hand goods, as required by the Principal VAT Directive. The margin scheme enables the dealer to account for VAT on the margin between the buying and selling prices rather than on the full selling price of the goods.

Use of the scheme is optional and the main features are described below.

The eligibility criteria for use of the scheme are as follows:

  1.  

    •     the goods must be eligible;

  2.  

    •     the goods must have been acquired in eligible circumstances;

  3.  

    •    

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