VAT on Car parts

Hi All

I realise there have been a number of posts on this topic of the second hand margin scheme for cars but none that have specifically addressed the selling of second hand car parts. Can someone please advise here, or point me in the right direction? I didn't feel the HMRC website addressed it particularly well either.

Need the information as met with a potential new client and in looking into quoting for book-keeping. They don't have a particularly high turnover of cars each quarter but do seem to sell a lot of these parts second hand on ebay for example. The second hand car trade has never appealed to me so I need to weigh up if I should actually try to get the client.

Much appreciated.

Bernice

Comments
There are 7 comments. Login or register to view them.

Taxable

neileg |

Global Accounting

spidersong |

Spidersong

BMary83 |

Let me put it another way.

BMary83 |

Concurrent use of s/h margin and global accounting

spidersong |

Much appreciated

BMary83 |

use of s/h and global accounting scheme

veryconfused |