https://www.dekut.com/UK/what-is-vat-margin-and-second-hand-scheme/ Most businesses need to use the four Schemes namely FRS, POS, Direct Calculation, and Apportionment to submit their VAT Return. VAT Margin Scheme: This scheme is for second-hand dealers. Instead of taxing the full selling price, it taxes the difference between what you paid for an item and what you sold it for. Tue, 24 Nov 2020 08:39:00 UTC en