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Discussion about openning UK accounts
 

Hello everyone!
I am interested in opening a few UK accounts.
The thing is that in the UK you must pay VAT as we all know.

My dilemma is like this.
I can arrange 2 VAT numbers as I have two LTD registered.
Theoretically, I can open 14 stores and divide them into 2 VAT numbers.
Connect 7 stores to the first VAT number and 7 Stores to the second VAT number.
The problem with this method is that all the stores will be connected- and if any of them got suspended all of them will be at high risk.

I was also thinking about getting UK Stealth accounts and getting them to the point of general history 80K sells and then ditch the store and not pay any VAT for it, but it sounds highly illegal...

I would be happy to hear your thoughts and recommendation about the UK stores and the VAT issue. :en:

Re: Discussion about openning UK accounts
 

Welcome to the forum. All the best as you learn Stealth.

:thumb:

Have you sorted your internet access?

Have you sold on eBay before?

:juggle:

Re: Discussion about openning UK accounts
 

u dnt need to arrange vat,
just try monese and monzo bank

Re: Discussion about openning UK accounts
 

Hello
Thank you for the welcome :)
I've been selling on eBay for a long time now and doing that exact same method- the Stealth accounts, but I never seen this forum before.

Re: Discussion about openning UK accounts
 

Please explain if you can (:
what do you mean I do not need Vat?

Re: Discussion about openning UK accounts
 

yes you dnt need anything i m using that

Re: Discussion about openning UK accounts
 

You only need to register for VAT in the UK when your turnover in any 12 month period exceeds £83,000

Re: Discussion about openning UK accounts
 

Didn't spot the US flag :)