Bad_Boy1022
16th February 2009, 14:37
HI
I am new to VAT charges. I have just created a VAT registered company.
if I am ordering wholesale items in batches of 1000 units to be resold. DO i pay VAT from wholesale retailers, and then charges the vat to customers and then passed it to the TAX man.
or the wholesale retailer too has to charged the vat, on the wholesale, then the vat I put on the goods, then do the difference when making a VAT RETURN.
Or how does it work? if it's for export the EU or inside the EU? Do I need to get an accountant to sort this out.
I am new to VAT charges. I have just created a VAT registered company.
if I am ordering wholesale items in batches of 1000 units to be resold. DO i pay VAT from wholesale retailers, and then charges the vat to customers and then passed it to the TAX man.
or the wholesale retailer too has to charged the vat, on the wholesale, then the vat I put on the goods, then do the difference when making a VAT RETURN.
Or how does it work? if it's for export the EU or inside the EU? Do I need to get an accountant to sort this out.