We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Sport supplements flat rate scheme VAT

2»

Comments

  • Futuristic
    Futuristic Posts: 1,189 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: 47,440 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
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.