second-hand goods scheme

second-hand goods scheme
An arrangement in which the value added tax due on second-hand goods sold is calculated on the trader's margin, rather than the total selling price of the goods. This applies regularly with sales of second-hand cars. In order to qualify, the trader must retain detailed records of car purchases and sales, which must be available for inspection at a VAT control visit.

Accounting dictionary. 2014.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • second-hand goods scheme — An arrangement in which the value added tax due on second hand goods sold is calculated on the trader s margin, rather than the total selling price of the goods. This applies regularly with sales of second hand cars. In order to qualify, the… …   Big dictionary of business and management

  • hand tool — any tool or implement designed for manual operation. * * * Introduction  any of the implements used by craftsmen in manual operations, such as chopping, chiseling, sawing, filing, or forging. Complementary tools, often needed as auxiliaries to… …   Universalium

  • Goods and Services Tax (Australia) — The GST (Goods and Services Tax) is a value added tax of 10% on most goods and services transactions in Australia.It was introduced by the Howard Government on 1 July 2000, replacing the previous Federal wholesale sales tax system and designed to …   Wikipedia

  • Economy of Second Life — Second Life has its own economy and a currency referred to as Linden Dollars (L$). This economy is independent of the Pricing, where users pay Linden Lab.In the SL economy, residents buy from and sell to one another directly, using the Linden ,… …   Wikipedia

  • New Zealand Emissions Trading Scheme — See also: Climate change in New Zealand The New Zealand Emissions Trading Scheme (NZ ETS) is a national all sectors all greenhouse gases all free allocation uncapped emissions trading scheme. The NZ ETS was first legislated in September 2008 by… …   Wikipedia

  • Bavarian goods wagon classes — The Royal Bavarian State Railways had, at different times, three different goods wagon classification systems that roughly correspond to the early, middle and late period of the state railway era in Bavaria:* Epoch Ia the early period from 1867… …   Wikipedia

  • Taxation of Digital Goods — Digital goods are software programs, music, videos or other electronic files that users download exclusively from the Internet.[1] Some digital goods are free, others are available for a fee. The taxation of digital goods is partially governed by …   Wikipedia

  • List of Your Hand In Mine characters — This is a list of characters featured in the 2009 Mediacorp drama series Your Hand In Mine. The information on this page may change as the storyline progresses. Contents 1 Main characters 1.1 Zheng Shanguo 1.2 Zhang Yuxiang 1.3 …   Wikipedia

  • Charity shop — A charity shop in the UK. A charity shop, thrift shop, thrift store, hospice shop (U.S., Canada), resale shop (when not meaning consignment shop [U.S.]) or op shop (Australia/N.Z.) (from opportunity shop …   Wikipedia

  • Bethany Christian Trust — is a registered Scottish charity based in Edinburgh. It was set up to relieve the suffering and meet the long term needs of homeless and vulnerable people. The Trust s vision is that through Christian love in action, homelessness will be reduced… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”