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Posted Mon, 26 Feb 2024 13:46:59 GMT by alishujaat
Hello, we are a UK non-vat registered company and we purchase goods for resale from VAT-registered businesses, My question is, vat is exempt on such transactions?
Posted Tue, 27 Feb 2024 11:42:20 GMT by HMRC Admin 19 Response
Hi,

If you are buying goods in the UK and selling those goods in the UK then the VAT liability of the supply would be determined by the nature of the goods being sold. Generally goods are 20% VAT but there are a number of reliefs. You can see the guidance here:

Zero rating, reduced rating and exemption

Thank you.

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