VAT Question - IntraEU (Can I just pay UK VAT?)

[irishbogger]

Hi all,
Sole Trader, VAT registered, purchasing good for re-sale.

So, i'm familiar with purchasing from UK at 0%, then reverse charging for VAT etc...

I want to purchase from a UK site as prices are competitive, however I would have to use my virtual UK address, hence would have to pay UK VAT.

Their Irish site is almost 80% more expensive for products.

Rather than pay 0% UK VAT, can I pay UK VAT, and then on re-sale charge the 23% IRL VAT? If so, I presume I use Revenue currency conversion rates to enter the purchase price / VAT amount in my accounting software as an expense, so everything works out? Or am I totally off?

Many thanks.

 

[jokerini]

That sounds about right to me.

 

[irishbogger]

Thanks for the reply. Ended up finding the product cheaper on Amazon (which i'm set-up as a business user / ex. VAT) so all sorted.

Good to know for future, though.