VAT

Sumac Watches is VAT registered. Our VAT Registration Number (VRN) is 499 6874 93

All services supplied (watch repairs and servicing) and any new products will be charged at the standard rate of VAT (20%). Prices quoted on the website for any such items will be inclusive of VAT, and the VAT component will be detailed on the VAT invoice which will be issued.

All vintage/used/new old stock items will be accounted for under the HMRC VAT Margin Scheme. For these items the VAT rate will be indicated as 'Margin' on the invoice. The sale price shown will be inclusive and VAT will not be shown as a separate item.

VAT on any items accounted for under the VAT Margin Scheme and sold to a VAT registered business cannot be claimed back unless the item is subsequently sold under the VAT Margin Scheme by the buyer.