We have a small company started, registerd for vat. When we buy from our supplier we pay vat. My question is do I add vat onto the gross price I paid to the supplier before I charge the customer or just add my profit %.
We have a small company started, registerd for vat. When we buy from our supplier we pay vat. My question is do I add vat onto the gross price I paid to the supplier before I charge the customer or just add my profit %.
Correct. The revenue website has a list of the vat rates for many products on www.revenue.ie so if you check it out, hopefully it will give you the correct rates of vat that you should be charging.