VAT CalculatorBen2018-12-05T17:59:42+00:00

Marginal VAT

We’re all familiar with Value Added Tax (VAT), but there are some exceptions to the standard 20% rate of VAT. Among the exceptions is the VAT Margin Scheme, a method of calculating VAT for businesses selling used goods such as used mobile phones.

The VAT Margin Scheme differs from standard rate of VAT in two ways: the rate is 16.67% and only charged on the margin you make selling the product.

Phoenix Cellular created a VAT calculator to help you understand the VAT options available on used mobile phones.

Please consult your accountant or HMRC for detailed guidance.

PHOENIX CELLULAR HOLD ONE OF EUROPE’S LARGEST STOCK OF MARGINAL VAT QUALIFYING MOBILE PHONES

Margin vs Standard VAT Comparison

£ £
Standard or Reverse VAT
Tax Type
Standard
Purchase Price
£0
Sale Price
£0
Price net of VAT
£0
VAT Due @ 20% of sales price
£0
Profit
£0
Marginal VAT
Tax Type
Marginal
Purchase Price
£0
Sale Price
£0
Price net of VAT
£0
VAT Due @ 16.67% of total profit
£0
Profit
£0
Extra Margin selling on Marginal VAT to a non Vat registered buyer:
£0
Saving for a VAT registered buyer (e.g businesses) buying phones with standard VAT charged:
£0

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