I have a client who is looking into buying and selling trading cards e.g. baseball cards, pokemon etc.
Due to margins being quite low, should they need to register for VAT, I wonder whether the margin scheme would be applicable to their business.
The guidance specifically mentions 'collector's items', but references 'stamps, coins and currency and other pieces of scientific, historical or archaeological interest'. The 'historical...interest' being the rather vague definition.
Does anyone have experience in this area? I would be grateful for any advice.