Hi everyone!
I have recently become a UK sole trader and was wondering if anyone could help me a query I have:-
If I buy some products from a UK Ltd company as a sole trader( without VAT registration to date), with the sole purpose of reselling to the EU would I have to pay 20% VAT in the UK? And if so would I be able to claim it back as the products would be sent directly abroad from the producer? I think ist terminalogy is "triangulation" .
Any links or advice would be truly welcomed, I have contacted HMRC numerous times and spent time in thier webchat, but todate I am none the wiser and do not want to start my business until I know where I stand with the VAT as it is more than my profit margin.
Kind regards
CJ
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