Hi all,
I really need some advice on VAT issues related to exported goods to non-EU countries.
This is the first year of the business. I purchase luxury designer fashion items from UK and other EU countries and sell to private customers in Asia.
As I export 100% outside the UK , I would like to know :
1. If I am entitled to reclaim acquisition VAT / input VAT for the goods I purchase for resale ?
2. For some goods that are purchased from online retailer, can I reclaim VAT?
3. If i register VAT voluntarily but my turnover is below threshold, is it possible HMRC at some point de-register me?
I appreciate all helpful advice
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