Hello there,
Wondering if anyone can help me please?
The lady in the shop next door is leaving the premises. We have offered to buy some of her stock off of her at cost.
She is not VAT registered but is saying we have to pay her Cost + VAT. We said as she isn't registered she can't charge us VAT. She says that she originally had to pay VAT on the goods of which she will not get back, therefor we have to cover that. She is adament.
Is this correct?? I'm confused as I always thought they can't charge VAT, yet she will be losing money by supplying the goods to us just at the cost she paid.
Please help, would be much appreciated,
Thanks
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