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6.4 What is the VAT regime of a vehicle?...

6.4 What is the VAT regime of a vehicle? What does it mean?

OPENLANE UK offers vehicles under normal VAT rules (normal VAT vehicles) and vehicles under margin scheme (margin vehicles). Vehicles under normal VAT rules are symbolized with “D” (D for Deductible VAT or Qualifying) on our website and margin vehicles are shown with “M” (M for Margin). The prices of vehicles under normal VAT rules are VAT excluded while for margin vehicles VAT is included in the price of the vehicle.

 

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