Risk of non-compliance
Incorrect application can result in tax adjustments and penalties.
For your second-hand goods sales, Bizyness applies margin scheme VAT rules in accordance with European regulations.
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bizyness.
hello@email.com
+91 00000 00000
Invoice
#AB2324-01
Billed to
Company Name
Company address City, Country - 00000
+0 (000) 123-4567
Invoice date
01.08.2023
Due date
15.08.2023
Amount due
€4,500.00
Digital product design
#
Title / Description
Subtotal
1
Service name
€3,000.00
01 Jul - 20 Jul
•
Hours log ↗
2
Service name
€1,500.00
21 Jul - 31 Jul
Total
€4,500.00
Please pay within 15 days of receiving this invoice.
Thank you for the business!
Payment info
Account Name
Business address, City, State, IN - 000 000
Bank name
ABCD BANK
Swift code
ABCDUSBBXXX
Account #
37474892300011
Margin scheme VAT calculation
Sale price (excl. VAT)
€120.00
Purchase price (excl. VAT)
€80.00
Margin
€40.00
VAT (20%) on margin
€6.67
VAT amount to declare
€6.67
Calculation in accordance with margin scheme VAT rules
Margin scheme VAT regime
Compliant with Article 287a of the French Tax Code and Directive 2006/112/EC
Incorrect application can result in tax adjustments and penalties.
Tracking purchases, sales and margins item by item is tedious.
Preparing margin scheme VAT declarations is time-consuming and error-prone.
Calculating margin scheme VAT manually takes time and leads to errors.
Import your second-hand items from Shopify, Amazon, or manually.
Bizyness automatically calculates the margin for each sale (Sale price - Purchase price).
VAT is calculated only on the margin, using the applicable rate (e.g. 20%).
Your invoices and VAT declarations are automatically updated with the calculated margin scheme VAT.
Every sale is automatically compliant with the margin scheme VAT rules.
Tracked item by item. No manual calculations, no spreadsheets.
Your accountant receives declarations ready to submit.
Save several hours every month on your tax management.
I've been using Bizyness for a few weeks. The interface is intuitive and beautiful, and it makes it easy to create invoices in just a few clicks.
Very practical for IOSS/OSS and local VAT calculation, the team is very responsive in implementing new features.
We've been using Bizyness for over a year now, and to all entrepreneurs out there, stop looking, you've found the right tool.
Everything you need to run your business with confidence
NF525 & NF203
Compliant invoices
Made in France
Data hosted in Europe
GDPR compliant
Secured & encrypted data
10-year archiving
Legally preserved docs
Always compliant
Auto regulatory updates
Just enable the margin scheme on the relevant items; Bizyness then applies it automatically to every sale. You no longer have to decide case by case.
Yes. Bizyness automatically tells the two schemes apart based on your items, charging VAT on the full price in one case and only on the margin in the other. Your returns stay accurate even with a mixed catalogue.
Yes, because margin-scheme VAT is calculated on the difference between your selling price and your purchase price. You import your purchases from Shopify or Amazon, or enter them manually, and Bizyness works out the margin on its own.
Yes. Invoices for margin-scheme sales automatically include the mandatory legal wording for the scheme, without detailing VAT you're not supposed to show. They stay compliant with no effort on your part.
Yes. From your tracked purchases and sales, Bizyness prepares the margin-scheme VAT amounts to declare, ready to be filed by you or your accountant.
No: this scheme mainly concerns second-hand goods, works of art, collectors' items and antiques that are resold. In Bizyness, you enable it only on eligible items, while the rest stay under standard VAT.
Bizyness automatically calculates the margin-scheme VAT and issues compliant invoices for your second-hand or refurbished products.