http://www.revenue.ie/en/tax/vat/leaflets/margin-scheme-second-hand-goods.html
Have a read of this, basically where a dealer buys a tractor from an un registered farmer that dealer only accounts for VAT on the margin.
Will the dealer ask me to pay the margin VAT or will the dealer absorb this?
That's a strange question!
The dealer will get as much for the tractor as he can get.
He pays VAT on whatever margin he makes on it.
Thanks for any replies to this post. I apologise if my question seems strange but this is not my field of expertise.
I can take it so that I would not have to pay any VAT on this second hand tractor coming from an EU country if I were to register it in Ireland?
And now you're asking a different question...!!
Ah get lost.
This would suggest you are just an ordinary unregistered farmer buying a tractor from a dealer in Ireland - if you don't say where the dealer is then it's reasonable to assume he's here too..! You give him whatever price you agree, and he then has to pay his VAT on whatever profit he's made. This was explained to you. (It's yes to both questions, because he absorbs the VAT to the extent that he pays it out of whatever you give him, but also you're the one whose money is used to pay the VAT, if you know what I mean... hence I said it's a strange question!)Will the dealer ask me to pay the margin VAT or will the dealer absorb this?
Now you've added an international dimension to your question, which makes it a very different and more complex question, as we don't know where you're buying it from and what rules pertain there.I can take it so that I would not have to pay any VAT on this second hand tractor coming from an EU country if I were to register it in Ireland?
Ah get lost.
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