VAT for stealth accounts

[e2free]

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]

Originally Posted by e2free

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]

If your account isnt vat registered you could just create invoices showing zero vat charged.

[Alif55]

Can you get black market vat id’s