Newbie...
Sorry to sound stupid but, I am in the process of setting up my own online store using a drop shipper.
My question is when I price my goods, do I state "plus VAT" or do I simply sell on for a fixed price? Are there any regulations I need to know about relating to charging VAT to my customers?
If I DO charge VAT, should I be recording that seperately in my accounts for reporting to the Inland Revenue?
Any advice would be very much appreciated!