Thank you for your reply, Please may i clarify a few things.
Firstly i really appreciated your help, but i'm afraid i'm quite new to this and i would appreciate Lehman term like responses, towards the end of your message i got a little confused.
May i clarify, i plan to register, but if i don't register for a VAT business because it would more favorable to not.
I buy stock ( i intend to resell ) and i pay the invoice ( VAT isn't mentioned in the invoice )
My goods are not stopped at customs so i receive the goods having not paid VAT or import tax. Where do i go from here. Will i get in trouble for not paying or getting in touch with HMRC.
I'm trying to see whether i can be a non registered, Trading through Ebay / paypal. And not be charged VAT. Then as a self employed individual i just pay my taxes at the end of the year.
If i should be paying VAT on all stock bought from china i would rather get registered then i can reclaim back certain amounts... i think ?
I'm obviously trying to make the most money but through what is safe and legal.
I look forward to your response.