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Tax Robin
Tax Robin, Tax Preparer
Category: UK Tax
Satisfied Customers: 15312
Experience:  15 years experience with H & R Block in International Tax Law
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Could you help please. I run a business that i expect will

Customer Question

Hi could you help please. I run a business that i expect will be over the 82K vat threshold but half of my stock is bought from suppliers who are NOT VAT registered so i do not charge my customers vat on them items. The other half of my stock is from a supplier who IS VAT registered so i charge my customers vat on them items. Do i have to charge ALL of my customers vat if i go over the threshold this meaning i will loose out on 20% of the profits on items i buy from non registered vat suppliers? Or are the items i sell but do not charge vat exempt from paying HMRC as i do not charge vat myself for them. Thank you for your help.
Submitted: 1 year ago.
Category: UK Tax
Expert:  Tax Robin replied 1 year ago.


If you are registered for VAT then you are to charge VAT.

VAT-registered businesses:

  • must charge VAT on their goods or services
  • may reclaim any VAT they’ve paid on business-related goods or services

You must account for VAT on the full value of what you sell, even if you haven’t charged any VAT to the customer - whatever price you charge is treated as including VAT.

If you’ve paid more VAT than you’ve charged, you can reclaim the difference from HMRC.