In principle correct except that, under VAT margin scheme rules, the dealer can only remove the VAT element of the profit he makes on the watch. E.G. the dealer buys a watch for €1000 and sells for...
Type: Posts; User: RickS
In principle correct except that, under VAT margin scheme rules, the dealer can only remove the VAT element of the profit he makes on the watch. E.G. the dealer buys a watch for €1000 and sells for...