My client is VAT registered and considering buying some second hand goods from a supplier to resell it onto a client. VAT has already been paid on these goods originally. Will the supplier charge VAT and will he have to charge VAT?
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Vat on second hand goods
If the supplier charges VAT, the client should charge output VAT as usual.
If the supplier does not charge VAT, the client can choose to use the margin scheme when he sells.