Suzanne Jenkins

Hi, I am new to drop shipping and looking to connect with others in this sector.

VAT query


I have a LTD and plan to dropship goods from within/outside the UK, to customers based in the UK. 

I understand that I need to register for VAT based on the above. 

Which VAT filing scheme Flat Rat / Annual would be more appropriate if I am just getting started? Apparently there is a risk that i'll pay double VAT, once when my customer purchases a product, and again when I pay the supplier for the product as they may charge me VAT. I presume this would be more of an issue on the Flat Rate scheme?

If I register for VAT and do not make any sales by the first filing period, can I submit a nil return, or do I need an accountant to do this?

Many thanks in advance,