Vat number the same as a registration number?
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Im currently on benefits but Im looking to start selling wholesale stock on ebay. Every supplier seems to be asking for a vat/registration number? Are these the the same and how will this affect my benefits? Thanks!
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Answer:
VAT number is a VAT registration number and you don't register for VAT until your turnover os £70k in any 12 mth period. You need to consider how the PROFITS you make will affect your benefits - look on the Direct Gov website.
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