Entering the purchases and sale of second-hand items

For your purchases from private persons:

Cost category purchase: "Purchase of goods" - this is the correct category for second-hand items that you resell.

vAT purchases: Yes, that's right! You select 0% vAT because private persons cannot charge vAT - this is not legally possible. Even if they have the original purchase invoice, you are buying from the private person, not from the shop. And so there is no vAT on this transaction. If your supplier is stated as "private person" in Dexxter, you will see that you can never indicate or recover vAT. For sales: Dexxter does not support the margin scheme. Unfortunately, this is not included. So here, you will only be able to apply the normal vAT scheme via Dexxter.

Cash payments: A screenshot alone is not sufficient as proof. You need a complete proof of purchase with details of the seller (even if they are a private person), a description of the purchase and the price. A bank statement or screenshot is insufficient for tax purposes.

You can find an example of such a proof of purchase from our learning center!