VAT Margin Scheme Calculator — free online
If you buy and resell used things — a car, furniture, vintage gear — charging VAT on the full sale price feels wrong. You already paid for the item, and now you'd be taxed on the whole amount again. The margin scheme exists for exactly this, but the sums are fiddly. We added a free tool that does them for you — VAT Margin Scheme Calculator — right in your browser.
What it does
It's a VAT margin scheme calculator for second-hand goods. You enter what you paid for an item and what you sold it for, and it works out the margin and the VAT due on that margin only — not on the full selling price. That's the whole point of the scheme, and the tool keeps it simple.
Nothing leaves your device
Everything runs in your browser. The numbers you type stay on your screen — nothing is uploaded to a server, nothing is saved anywhere. Close the tab and it's gone.
How to use it
- Open VAT Margin Scheme Calculator.
- Enter your purchase price and your selling price.
- Read off the margin and the VAT you owe, and copy it into your records.
It's free with no limit. There are more small tools on the Apps page.