Examples of Margin Scheme in a sentence
In this clause: Adjustment Note, Consideration, GST, GST Group, Margin Scheme, Money, Supply and Tax Invoice have the meaning given by the GST Law.
Amsterdam VAT SymbolOnline auctionNo symbolThis is a Netherlands Margin Scheme supply in accordance with Art.
VAT SymbolOnline auctionNo symbolThis is a UK Margin Scheme supply in accordance with Art.
In this clause: Adjustment Note, Consideration, GST, GST Group, Margin Scheme, Money, supply and Tax Invoice have the meaning given by the GST Law.
This imposition of VAT is likely to be because the seller is registered for VAT within the European Union and is not operating the Dealers Margin Scheme or because VAT is due at 20% on importation into the UK.
If you choose to buy the wine out of bond excise duty at the applicable rate on the ‘buyer price’ and UK clearanceVAT at 20% will be added to the duty inclusive ‘buyer price.’ Paris VAT SymbolOnline auctionNo symbolThis is a French Margin Scheme supply in accordance with Art.
Either The sale is not a taxable supply or The Margin Scheme applies and the Sale Price includes GST or The GST-free Going Concern concession applies and/or The GST-free Farm Land concession applies and/or If the treatment above does not apply: The Sale Price includes GST or The Sale Price is plus GST GST Withholding Treatment (See Standard Condition 11) Mark a box to indicate the GST Withholding Treatment.
Where the Agency Member is acting as ‘Disclosed Agent’ in order to satisfy requirements imposed by the Tour Operators Margin Scheme (TOMS), then the Venue Member’s invoiced charges must be addressed to the Client ‘care of’ (c/o) the Agency Member.
Full details of both the Margin Scheme and the Auctioneers’ Margin Scheme can be found on the HMRC website www.hmrc.gov.uk notices 718, 718/1 and 718/2.
This is because such lots are sold using the Auctioneers’ Margin Scheme and it should be noted that the VAT included within the Premium is not recoverable as input tax.