Understanding VAT on Margin Scheme Purchases
At MacFinder, we strive to offer competitive prices to all of our customers. To achieve this, we sell items either at the standard 20% VAT rate or under the Margin Scheme. This doesn't affect the price that consumers pay, but it can impact VAT-registered businesses in the UK.
If you're a UK VAT-registered business and you've purchased an item under the Margin Scheme, you won't be able to claim any VAT on that purchase. You'll know if you've purchased a Margin Scheme item if you received an invoice without a VAT figure.
It's important to note that the tax class of each product is clearly stated on all of our product pages, so you can easily see whether an item is subject to the standard VAT rate or the Margin Scheme.
If you have any questions or concerns about VAT on Margin Scheme purchases, please don't hesitate to contact us. Our team is here to help!