Car dealers of used cars have the option to apply the second hand Gross Margin Scheme for VAT Purposes.
This is where 1/6 is taken of the profit on the sale of the car rather than having to charge full standard VAT of 20% on sale
We specialise in this trade in being able to do the book keeping or assist in setting up the book keeping to trade smoothly.
Would you like to speak to one of our financial advisers? Just submit your details, and we’ll be in touch shortly. It will be a pleasure to attend to you!