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V1550-15 ·22 May 2015 ·consulta-vinculante Medium impact
Tax

General VAT regime may be applied instead of the special scheme for second-hand goods on a transaction-by-transaction basis

A used vehicle resale company has enquired whether it may apply the general VAT regime to its operations. The DGT has ruled that, following the submission of the activity commencement declaration, the company may choose between the special scheme and the general regime for each individual transaction without the need for prior notification.

In 6 key points

How it affects those involved

This ruling provides flexibility for resellers of second-hand goods, allowing them to opt for the general VAT regime on a case-by-case basis rather than being bound by the special margin scheme for all transactions.

Lifecycle

2015-05-22PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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