Uk company and dropshipping - 1m yearly

uranio · 2020-04-25T10:08:46+01:00

Hello Guys. So this's the point. I make dropshipping on ebay in Italy,France, shipping the goods from these countries directly (not china anyway i could implement in future). I'm Italy resident but uk too (i worked in uk years ago and i have still 3 bank accounts + proof of address). I opened a uk company until my uk residence. Now this's the point: uk company + uk director and address= company tax and vat uk company + outside director + outside address = no company tax and no vat. How can i set up everything for not paying the vat? can i change my address to my italian address and just not pay any vat and company tax? will i need to pay in Italy or can i just not pay anything anywhere as my company is in uk? (money will be keeped in company bank, i use revolut and transferwise). Do i need to set another company for doing this? I'm trying to figure out the best solution for me. I must need paypal (i use my own paypals in italy but i withdraw to company revolut and company transferwise). What would be the best set up? i can open new company if needed, but i always need to withdraw from paypal. How the people avoid tax in uk when trade outside uk? just leave the money in the bank and file the tax returns reporting 0? Any advice is welcome, thank you

uranio25 Apr 2020

replies: 22
views: 715

WoWNullActive Recruit

Joined: Jul 2019
Messages: 266

2 May 2020#21

uranio said:
i think you should pay in uk just for the costumers in uk.
But better you speak withan accountant

lol all of them said i need to pay =D so that's why i ask you

uranioNew MemberAuthor

Joined: Apr 2020
Messages: 53

2 May 2020#22

WoWNull said:
lol all of them said i need to pay =D so that's why i ask you

If your operative address for the LTD is outside uk, and you're no-resident uk.
For the trades outside UK you need to pay where the operative address is, not in uk.
This's sure, you can see informations here:
gov.uk/register-as-an-overseas-company

WoWNullActive Recruit

Joined: Jul 2019
Messages: 266

2 May 2020#23

uranio said:
If your operative address for the LTD is outside uk, and you're no-resident uk.
For the trades outside UK you need to pay where the operative address is, not in uk.
This's sure, you can see informations here:
gov.uk/register-as-an-overseas-company

hmm interesting =/

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