VAT Questions

[Not Known]

Hello, I have a few quick questions and thought you might be able to help.

If I buy computer parts to build computers to sell on, would I have to pay
VAT on the original components if I were VAT registered?
Or would I pay the VAT and then claim it back at the end of financial year?
Am I right in thinking only the end buyer should pay VAT?
How do I go about getting vat registered?

Thanks

Paul

 

[Dave]

Hello, I have a few quick questions and thought you might be able to help.

If I buy computer parts to build computers to sell on, would I have to pay
VAT on the original components if I were VAT registered?
Or would I pay the VAT and then claim it back at the end of financial year?
Am I right in thinking only the end buyer should pay VAT?
How do I go about getting vat registered?

Thanks

Paul

http://www.hmce.gov.uk/

 

[Doug Ramage]

Hello, I have a few quick questions and thought you might be able to help.

If I buy computer parts to build computers to sell on, would I have to pay
VAT on the original components if I were VAT registered?
Or would I pay the VAT and then claim it back at the end of financial year?
Am I right in thinking only the end buyer should pay VAT?
How do I go about getting vat registered?

Thanks

Paul

1. Yes - if bought from a UK Vat registered supplier.
2. Vat is normally payable quarterly.
3. Effectively Yes.
4. Contact the appropriate VAT Registration Unit.

There are various booklets which you can download from C&E's website.

 

[Not Known]

thanks guys

1. Yes - if bought from a UK Vat registered supplier.
2. Vat is normally payable quarterly.
3. Effectively Yes.
4. Contact the appropriate VAT Registration Unit.

There are various booklets which you can download from C&E's website.