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I'm hoping to start selling firewood locally. My potential suppliers have quoted me prices plus VAT (I'm assuming that to be 20%). Am I right in thinking: 5% VAT should be applied to the price of the wood that I sell (either £X + VAT or VAT included in total price charged)? The 20% VAT that I will be charged by the supplier can be reclaimed (if I'm VAT registered)? I've telephoned a local accountant but she was unsure saying that VAT is complicated and not logical much of the time so I thought I'd ask here. I hope you can help and thank you in advance for your advice.