Quote:
Originally Posted by Tasty1
You don't pay the VAT, the consumer does. You only collect it from them to sent it to the government.
The VAT you pay for your business, (camera's, hosting, laptop) you get back.
|
That is true but if you're selling to consumers, you can't collect it from them. If you're selling a product at $19.99 and then you suddenly go over the VAT threshold so you have to start paying it, you can't just add 20% onto your prices and expect to make the same sales. So effectively you're the one paying the VAT.