LTD Companies

[assad]

Hi,

This has probably been asked way too much already but here goes,

Is anyone running a LTD/vat company under stealth accounts ?

Thanks

[frustr8ed]

Bump - Would be interested in an answer to this too!

[yellowprintdirect]

I have 5 accounts. Am due to be vat reg but don’t want to input my vat number into all 5 accounts as that’s a obv link???

[coolcatty]

not easy to explain if HMRC do a check on you as well :/

[Pandoras_box]

Originally Posted by assad

Hi,

This has probably been asked way too much already but here goes,

Is anyone running a LTD/vat company under stealth accounts ?

Thanks

Can be done. The only snag is any previously suspended director will have the account suspended eventually.

[Pandoras_box]

Originally Posted by yellowprintdirect

I have 5 accounts. Am due to be vat reg but don’t want to input my vat number into all 5 accounts as that’s a obv link???

Yes, that will cause a link. I have encountered this on both my non-stealth accounts but I had permission from eBay.

If you haven't reached the threshold on some accounts, you can stop sales until your last 12 months of sales drop off significantly.

If you're due to be VAT registered but haven't reached the limits on any accounts, you can do so and not have to notify eBay.
In that case, your registration would be to meet HMRC's requirement only.

Are you the same Yellowprint guy on eBay? If you are, then take it from me - your listings used to be so spammy!
I'd throw a brick through your window but I don't know where you live.

[Pandoras_box]

Originally Posted by coolcatty

not easy to explain if HMRC do a check on you as well :/

In that case, we should be in Her Majesty's Prison.
But we aren't because eBay is a corporation devoid of the kind of regulations that govern banks.
HMRC can't be bothered if you sat at their Chief Executive's desk and spawned 100 stealth accounts and punched in the same VAT numbers.
If you don't pay your taxes, however...

[yellowprintdirect]

Originally Posted by Pandoras_box

Yes, that will cause a link. I have encountered this on both my non-stealth accounts but I had permission from eBay.

If you haven't reached the threshold on some accounts, you can stop sales until your last 12 months of sales drop off significantly.

If you're due to be VAT registered but haven't reached the limits on any accounts, you can do so and not have to notify eBay.
In that case, your registration would be to meet HMRC's requirement only.

Are you the same Yellowprint guy on eBay? If you are, then take it from me - your listings used to be so spammy!
I'd throw a brick through your window but I don't know where you live.

I don’t sell on eBay ? Well only a printer at mo..