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Old 07-15-2008
ambercolour ambercolour is offline
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Maybe I should re-phrase myself about the "loopholes", I believe in the UK you have the right not to pay VAT for up to a turnover of 55,000 (however it may be more now because they changed the law I believe). All you need to do is go below this and then you dont need to pay any VAT what so ever. I am not sure how it works in USA or any other countries.
As for the tax man thats different and I believe if you are a business in the UK the first tax year is tax free however the year after you need to pay it, its all legal I just know it works in the UK not sure about other countries.
As for the eBay fees if you are VAT registered (which is over 55k a year) you can claim a % of the VAT back from eBay, all of the expensives you can claim that back as well, Fuel costs (to the post office and etc), this can be all claimed back, im no accountant but I know these little tricks and they are perfectly legal. google it.

Last edited by ambercolour; 07-15-2008 at 09:57 PM.
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