Im am thinking about setting up a small shop on ebay/the Internet, but am completely baffled as to weather i need to register or charge for VAT. I also have no idea if when i buy items from a wholesaler i will automatically be charged VAT or if i have to give them a VAT number?
Dose anyone know im what cases you can claim back the VAT?? Do you have to to be register?
Oh and do i have to register as being self employed before i can start selling ??? and if so will this effect my tax credits straight away or only after the first year when i am able to say how much i have made ????
Sorry for so many questions but i have been trawling the Internet for days and an just as confused as when i started !!
Thank you in advance for any help that can be given XXX
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5 replies
sweetbean · 23/08/2009 10:47
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