Can someone help me understand VAT?
I'm creating my product in Plimus, and I see they add VAT to an order, and there seems to be no way to disable that (although I could absorb it so the customer doesn't see it). But I read somewhere that unless I earn over £70K or something I don't need to pay VAT...
I also read that since Plimus is a reseller (is that correct??), they themselves pay VAT, so perhaps the VAT they add is not *me* paying VAT, but is *them* paying VAT (hence why I can't disable it).
Is that correct?
And so I still have to account for that (in UK) 20% cost, even with me earning far less than £70K? And no way to get around it?