Hello forgive me if I sound a bit naive here but this is all new to me.
I have set up a retail Ltd business selling electrical goods on a auction web site.
If I buy my stock new I am charged VAT by the distributer.
Do I need to charge VAT when I resell to customers
as I need to keep my prices low.
If so what costs do I incur and can I claim back the VAT charged to me for listing fees to place my products on the auction site.
Thanks
Rodney
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