Recent content by Lottie B

  1. L

    Confused about VAT in retail

    If the supplier isn’t VaT registered then I can’t claim vat back, but I charge vat on my retail price - which means my retail price has to be far higher in order to maintain a 33% profit on all my sales?
  2. L

    Confused about VAT in retail

    Thanks for replying. I think this is what confuses me - how can I do this net of VAT?
  3. L

    Confused about VAT in retail

    And also if I did charge the RRP - how much would I lose?! Thank you!
  4. L

    Confused about VAT in retail

    Hi, I manage a shop where we purchase from both VAT registered and non registered businesses. I’ve got a bit confused about how it works and wondered if someone could confirm for me. ie when buying from a vat registered company I know how to work out profit. but if I buy something from a...
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