Re: Claiming back DHL VAT Quote:
Originally Posted by Efftech I am not VAT registered but maybe worth doing so if I can claim it back
I do not see it being too much of a problem as VAT can be included in my price.
A lot of the companies I work with are also VAT registered so may be beneficial in more ways then one. Anybody know if the process is difficult? | Think 100 times before you register for vat
It's not simple as people think very complex and every three months need to fill vat return
And when say claim back does not mean you will get money back from hmrc
This is how it works
you bought 1000 stuff and imported into uk where let says only attract vat with 0% tax some you paid 200 vat on this total cost you 1200
Now if you are vat register and let say you sold for 1300 and vat due on this 260
Now as you already paid 200 vat which can be claim back and only needs to pay 60 more
So Profit £40
Where if you not vat register profit £100
But if you over the vat limit then should register as it's against the law
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