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VAT CalculatorBen2018-08-20T14:58:04+00:00

Marginal VAT Calculator

We’re all familiar with Value Added Tax, or VAT, but did you know that 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 which sells used goods such as used mobile phones.

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

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

Please consult your accountant or HMRC for detailed guidance.

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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