By using Apprenticeforums services you agree to our Cookies Use and Data Transfer outside the EU.
We and our partners operate globally and use cookies, including for analytics, personalisation, ads and Newsletters.

  • Join our UK Small business Forum

    Helping business owners with every day advice, tips and discussions with likeminded business owners. Become apart of a community surrounded by level headed business folk from around the UK

    Join us!

Calculation of VAT return



New Member

I'm thinking about starting a new business and need some clarification regarding vat returns

As a solo trader who would be VAT registered can someone clarify if my calculations are correct:

Costs (£9 inc. £1.80 VAT)
- Product £5 (£1 VAT)
- Package £1 (0.20p VAT)
- Deliver £3 (0.6p VAT)

Selling Price
- £14 (£2.80 VAT)

£14 - £9 = £5 + (£2.80 - £1.80 VAT) = £6

Thank you in advance