How much do i owe to HMRC?

[si0795]

I own a online consumer electronics business trading through a dropshipping agreement, i do not own any initial stock, i place an order 'at a profit' once a customer buys a product from me, so my 'income' is basically the profits on each product i sell. I am supplying Goods (Consumer Electronics) from a company based in France. My Customers are based in the UK. I suppose the products are shipped from France but they may have warehouses located in the UK as they are an established supplier supplying their goods to other big established retailers such as Currys and Dixons.

im basically registered to VAT on a voluntarily bases as i am earning below the threshold of £73,000. Basically i had to register for VAT as my suppliers in France required a VAT number in order for me to buy products from them excluding their VAT Rate of 19.6%, So now when i buy an product from my suppliers its 19.6% below the actual price...so i can actually go on to make a profit on each item.

Im not an accountant so this area is very confusing for me. I really dont know how much i will have owe HMRC at the end of every VAT accounting period. And just to clarify im using the standard scheme of accounting. I read somewhere that i will have to owe the "net difference from my Input vat tax to my output vat tax". The problem now is because i dont pay my supplier VAT but have to charge VAT to my Customers, just how do i work out the VAT i owe to HMRC. Again im not an accountant or VAT expert so my knowledge in this area is very unclear.

Heres a link to disbursements which is how i am trading, this might be helpful answering my question: http://www.hmrc.gov.uk/vat/managing/charging/disbursements.htm

[Generix]

I own a online consumer electronics business trading through a dropshipping agreement, i do not own any initial stock, i place an order 'at a profit' once a customer buys a product from me, so my 'income' is basically the profits on each product i sell. I am supplying Goods (Consumer Electronics) from a company based in France. My Customers are based in the UK. I suppose the products are shipped from France but they may have warehouses located in the UK as they are an established supplier supplying their goods to other big established retailers such as Currys and Dixons.

im basically registered to VAT on a voluntarily bases as i am earning below the threshold of £73,000. Basically i had to register for VAT as my suppliers in France required a VAT number in order for me to buy products from them excluding their VAT Rate of 19.6%, So now when i buy an product from my suppliers its 19.6% below the actual price...so i can actually go on to make a profit on each item.

Im not an accountant so this area is very confusing for me. I really dont know how much i will have owe HMRC at the end of every VAT accounting period. And just to clarify im using the standard scheme of accounting. I read somewhere that i will have to owe the "net difference from my Input vat tax to my output vat tax". The problem now is because i dont pay my supplier VAT but have to charge VAT to my Customers, just how do i work out the VAT i owe to HMRC. Again im not an accountant or VAT expert so my knowledge in this area is very unclear.

Heres a link to disbursements which is how i am trading, this might be helpful answering my question: http://www.hmrc.gov.uk/vat/managing/charging/disbursements.htm

See my response in the other post - if still not clear repost and I will try to re-explain the VAT cash postion