VAT help.
I have recently started selling on these forums and a few members told me they would not purchase from me because I am not VAT registered.
They said that as I couldnt invoice them for VAT they wouldn't be able to claim it back.
Is there any way around this? I make no where near £61,000 at the moment so being VAT registered is not a legal obligation.
I have had alot of interest in bulk purchases in hundreds, but I cannot proceed with them beacuse of this VAT problem.
If anyone could point out a soloution it would be very helpful.
Also When I sell goods I incoporate the vat I was charged when purchasing them, do VAT registered companies charge VAT on the price they sell them for. If so am I correct in thinking for a non vat registered person I am the cheaper option, by a small margin (assuming unit price is the same.)