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Sport supplements flat rate scheme VAT

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  • Futuristic
    Futuristic Posts: 1,169 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    Ask your accountant for best way to do this, assuming you already have one which you should.
  • dudens
    dudens Posts: 10 Forumite
    Ok what to do if I would like to de-register the VAT but I just ordered some goods on my VAT number with 0% VAT. Can I only pay input 20% VAT and de-register then, so I can then sell it without additional VAT, but only my profit added?
  • Savvy_Sue
    Savvy_Sue Posts: 47,334 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    dudens wrote: »
    Ok what to do if I would like to de-register the VAT but I just ordered some goods on my VAT number with 0% VAT. Can I only pay input 20% VAT and de-register then, so I can then sell it without additional VAT, but only my profit added?
    Futuristic wrote: »
    Ask your accountant for best way to do this, assuming you already have one which you should.
    What Futuristic said ...
    Signature removed for peace of mind
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