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-   -   VAT for stealth accounts (https://www.aspkin.com/forums/amazon/149035-vat-stealth-accounts.html)

e2free 11-22-2022 12:17 PM

Re: VAT for stealth accounts
 
Not agree with anyone of the above post who says simply pay vat on the income you get, vat system does not work this way or the way you wants to pay your taxes
Stealth account means income on different name how can you balance off this income against your invoices? Technically you have to pay vat on your full income
With is not worth at all

chris100 11-22-2022 07:58 PM

Re: VAT for stealth accounts
 
Quote:

Originally Posted by e2free (Post 1205884)
Not agree with anyone of the above post who says simply pay vat on the income you get, vat system does not work this way or the way you wants to pay your taxes
Stealth account means income on different name how can you balance off this income against your invoices? Technically you have to pay vat on your full income
With is not worth at all

You are only obliged to provide invoices for others who are Vat registered. Amazon makes you send one to business customers (only makes up a very small % of my buyers).

Yes, Vat would have to be paid on all items you sell. That's 20% on the listing price and the shipping price.

The question is would HMRC want to know where these sales occur? If they liaise with Amazon then it could get messy. If they are happy with your books matching up with your incoming deposits then all's well.

doowoovey 12-02-2022 10:31 AM

Re: VAT for stealth accounts
 
If your account isnt vat registered you could just create invoices showing zero vat charged.

Alif55 12-05-2022 04:09 PM

Re: VAT for stealth accounts
 
Can you get black market vat id’s


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