Reply To: I sell mainly imported goods via a UK distributor & don’t pay VAT, should I register?

Forum Categories GENERAL VAT DISCUSSIONS I sell mainly imported goods via a UK distributor & don’t pay VAT, should I register? Reply To: I sell mainly imported goods via a UK distributor & don’t pay VAT, should I register?

#56076
VAT-adviser
Member

You can register for VAT voluntarily and you become a ‘repayment trader’, that is, its output tax is regularly less than input tax because the business mainly has zero-rated sales and you can also HMRC for the monthly return option so that the refunds come to you monthly. The VAT refund/payment is the difference between output and input tax. So in your example above, output tax will be zero and input tax £1.50, hence a net refund of £1.50.

Hope this helps.