Is there any benefits??

Not that it matters as i have no choice..

Currently i pay VAT on all purchases, Being Vat Registered the buyer pays it yeah?

so if i paid say £10 i get charged £1.75 vat,then i sell for £100, But now the thing i bought for £10 im selling for say £100 is vat on the £100?? so in theory £17.50?