The VAT Margin Scheme has replaced the previous Special VAT Scheme for Second Hand Farm Machinery since January 1^st, 2010. Under the Margin Scheme, a dealer can no longer claim an input credit in relation to the residual VAT on the trade in allowance or direct purchase of a second hand machine. Any dealer member of the Association who is still unsure of the operation of the Margin Scheme should contact the FTMTA office for further information. As in all tax matter, the onus is on the tax payer to ensure self compliance with the current legislation.