{
  "url": "https://openlegislation.uk/value-added-tax-special-provisions-order-1995/article-13",
  "json_url": "https://openlegislation.uk/value-added-tax-special-provisions-order-1995/article-13.json",
  "legislation": "uksi/1995/1268",
  "legislation_title": "The Value Added Tax (Special Provisions) Order 1995",
  "legislation_url": "https://openlegislation.uk/value-added-tax-special-provisions-order-1995",
  "path": "article/13",
  "kind": "article",
  "number": "13",
  "heading": "Global Accounting",
  "text": "(1) Subject to complying with such conditions as the Commissioners may direct in a notice published by them for the purposes of this Order or may otherwise direct, and subject to paragraph (2) below, a taxable person who has opted under article 12(1) above may account for VAT on the total profit margin on goods supplied by him during a prescribed accounting period, calculated in accordance with paragraph (3) below, instead of the profit margin on each supply.\n(2) Paragraph (1) above does not apply to supplies of—\n(a) motor vehicles;\n(b) aircraft;\n(c) boats and outboard motors;\n(d) caravans and motor caravans;\n(e) horses and ponies;\n(f) any other individual items whose value calculated in accordance with article 12(5)(a) above, exceeds £500.\n(3) The total profit margin for a prescribed accounting period shall be the amount (if any) by which the total selling price calculated in accordance with paragraph (4) below, exceeds the total purchase price calculated in accordance with paragraph (5) below.\n(4) For the purposes of paragraph (3) above the total selling price shall be calculated by aggregating for all goods sold during the period the prices (calculated in accordance with article 12(5) or (6) above as appropriate) for which they were sold.\n(5) For the purposes of paragraph (3) above the total purchase price shall be calculated by aggregating for all goods obtained during the period the prices (calculated in accordance with article 12(5) above) at which they were obtained and adding to that total the amount (if any) carried forward from the previous period in accordance with paragraph (6) below;\n(6) If in any prescribed accounting period the total purchase price calculated in accordance with paragraph (5) above exceeds the total selling price, the excess amount shall be carried forward to the following prescribed accounting period for inclusion in the calculation of the total purchase price for that period.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Art. 13(3) substituted (1.1.2000) by The Value Added Tax (Special Provisions) (Amendment) (No. 2) Order 1999 (S.I. 1999/3120), arts. 1, 4"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Art. 13 in force at 1.6.1995, see art. 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1995/1268/article/13",
    "retrieved_at": "2026-10-29T13:09:29.990479+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}