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Second hand margin scheme for VAT
Hello
I understand that QBO cannot handle the second hand goods margin scheme for VAT so I wondered what work arounds are being used in order to submit the MTD vat return?
Thanks
Sharon
Hello sharonKC,
Welcome to the Community page,
The VAT margin scheme is not supported within QBO.
An accountant may be able to provide journal entries which would allow you to record these adjustments.
We advise speaking to an accountant about this.