Value Added Tax is a consumption tax charged on most goods and services in the UK and Europe, and in some other countries. Businesses need to register for VAT so they can reclaim VAT on any goods or services they have purchased, and so they can collect it when they sell products or services to a customer.
A supplier may ask to see your VAT registration as proof you are a genuine reseller.
Become a free SaleHoo member and we'll give you our top four niches for 2016. These are niches you can almost ALWAYS make good profit in.
We'll also give you contact details for our favorite suppliers in those niches, so you can get started selling today.