M
MU.SK
Guest
...selling them wholesale in the UK? Where taxes and duties are concerned, how many times will I have to pay tax for my goods.
I have tried reading the government websites but they keep confusing me. This is where I am now.
1) I import the goods, and pay an "Import Duty" on the goods, which will be calculated using one method out of the many as described.
2) Then I will have to account for VAT on the goods that I will sell. It that immediately though? Even upon my initial sale of goods?
That's all I know. If there are anyone familiar with wholesaling via imports, please share your experience.
Thank you all.
I have tried reading the government websites but they keep confusing me. This is where I am now.
1) I import the goods, and pay an "Import Duty" on the goods, which will be calculated using one method out of the many as described.
2) Then I will have to account for VAT on the goods that I will sell. It that immediately though? Even upon my initial sale of goods?
That's all I know. If there are anyone familiar with wholesaling via imports, please share your experience.
Thank you all.