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Like New - marginal VAT

Like New - marginal VAT

The ‘like new’ device I am buying is being sold under a ‘VAT margin scheme’ – what’s a margin scheme?

Devices sold under ‘Like New sim-free’ are second- hand, which means VAT has been already declared to HMRC when those devices were originally sold. As a consequence, VAT is only due on the value added (the margin) as opposed to the full selling price.

I’m registered for VAT, can I recover VAT on ‘like New sim-free’ devices?

No. Devices sold under a margin scheme are sold free of VAT meaning there is no VAT to be charged to or recovered by the purchaser. Please note ‘Like New sim-free’ is a consumer (non-business) proposition. If you are a business customer please see our great deals at O2 Business shop.

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