v.a.t 20%

i buy a silver coin and have to pay 20% v.a.t , i sell the same coin and i have to pay 20% v.a.t on e-bay on the sale of the coin ,i am paying v.a.t at 20% twice is this correct any views please ?

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If you are registered for VAT then you should understand the workings of VAT as you have to do a quarterly return.
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