Hi Alan, Client (ltd company) buys watches online and fixes them/refurbishes second hand watches and resells them on ebay. They have yet to hit the VAT registration threshold of €75,000.
Does V.A.T. Margin Scheme apply to company that it trades with second hand goods only? Normally these are decent watches that sell for 300 euro +. Clients are almost always located in the EEA area or rest of world – I assume this is still subject to VAT?