Discussion about openning UK accounts

[96ecommerce]

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.

[GreenBean]

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



Have you sorted your internet access?

Have you sold on eBay before?

[shelfer.org]

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

[96ecommerce]

Originally Posted by GreenBean

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



Have you sorted your internet access?

Have you sold on eBay before?

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.

[96ecommerce]

Originally Posted by shelfer.org

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

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

[shelfer.org]

yes you dnt need anything i m using that

[jas]

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

[jas]

Originally Posted by tinsoldier

If they are a US citizen working through UK Limited Companies then they are deemed to be NETP ( non exempt taxable person) and they must register/pay VAT on all sales.

There is no threshold.

Didn't spot the US flag