tim... wrote:


"Chris Green" wrote in message
...
tim... wrote:

However perverse it sounds, charging VAT on top of a vat-able price for
products bought retail is the correct thing to do

useless he wants to risk getting caught at a VAT audit he will be passing
this VAT on, not pocketing it

Not really I don't think.

If the tradesman *isn't* VAT registered then he just charges the
customer what the item cost (including VAT) plus his markup, no
further added VAT.

well yes

but then he doesn't have any VAT to "pocket" does he

so the scenario must be a VAT registered trader.

If the tradesman *is* VAT registered and he has a VAT receipt from the
retailer where he bought the item then he claims back the VAT he's
paid and charges VAT on the sale of the item to the customer.

I know that you think that it might work like that

I can assure you that it doesn't always

Having to add VAT to VAT is a perfectly normal requirement of some
transactions

BTDTGTTS

Well I ran a VAT registered business for 25 years or so and never had
to do it.

--
Chris Green
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