Another VAT question

[tight fart]

If a VAT registered trader buys stock from a supplier that doesn't charge vat, does he have to charge vat on the item when he'll sells it?

[Vixpy1]

simple answer , yes

[Dr Interceptor]

Yes... Regardless of whether the items are bought with or without VAT, if you're VAT registered, you always charge VAT when you sell goods/services.

[Alpinestars]

Yes, but for certain goods you can charge VAT on the margin and not the whole price. Depends what you're selling and where you bought the goods from.

[Eric Mc]

That normally applies to businesses operating in the second hand market - such as antiques and cars.