RRP, discounts, and really big discounts.

[Graham Walters]

for a retailer with turnover of less than £60k per annum (me) I pay VAT on the cost price,
If your turnover is more than £60k you can claim back the VAT you  pay

The mandatory VAT threshold is £85,000 (it was £60,000 in 2006)

However, the turnover can be less than £85,000 and the company can register for VAT
There can be advantages to that...

My bad. £85k is now the threshold, and yes there are advantages to registering for VAT early

[longbow]

In other trades the manufacturer offers additional trade discounts to help clear out old or slow moving stock. I assume that's what is happening with the SR vans and other items that go on sale simultaneously at several major retailers.

[Graham Walters]

In other trades the manufacturer offers additional trade discounts to help clear out old or slow moving stock. I assume that's what is happening with the SR vans and other items that go on sale simultaneously at several major retailers.

Yes we do get offered discounted stock, but there is very rarely a lot of it, and it is often very slow moving stuff, SR stuff goes quite well for me but you can only sell so many SR vans