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Old 01-06-2018
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Default Alternative way of transferring the money to Abroad other than Paypal?

Hello,


I opened another shop on Ebay. The first shop is over a vat registered company i want to run the second shop on my relatives name as a self employed business. If i use his account and annual sale hits more than 30000, i believe we have to let HMRc know. What happens if we don't? If we make for ex, 40000 in a year, on that account and put that money to the bank, and the person is self employed or even jobless, would it ever take attention? I heard something like this i don't know if it's true. If you have high amounts of money coming to your personal account in the UK, your bank will tell that to HMRC. I mean unless bank don't say anything, how would HMRC know about that? I can use that income to send money to my overseas suppliers. How does this HMRC bank relationship work? Any idea?
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Old 01-06-2018
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Default Re: Alternative way of transferring the money to Abroad other than Paypal?

For distance selling the threshold is 70,000 a year

You don't need to be VAT registered before that
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Old 01-06-2018
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Default Re: Alternative way of transferring the money to Abroad other than Paypal?

Welcome to the forums - all the best as you master stealth
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Old 01-07-2018
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Quote:
Originally Posted by JamesNorth101 View Post
For distance selling the threshold is 70,000 a year

You don't need to be VAT registered before that
That's not actually what I'm pointing at.
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