You cannot move the personal allowance between years. You may be able to correct a mistaken payroll submission.

Here we go again..

I've read a few other posts and they don't really answer the question.
I'm new to Dropshipping and HMRC are struggling to find and the answer.

I'm VAT registered and I place the order on behalf of the buyer directly with the manufacturer in China. I never see or touch the product as the product is shipped directly from China to the buyer (it can be worldwide, but let's stick to the UK and EU). I am in theory an agent. The manufacturer allows me to sell the products at whatever price I want.

The product including shipping is $250 to $3400 depending on the model. The buyer is aware that I am an agent and that I would be making a small profit on the sales, the buyer is aware that they are liable for VAT and the brokerage fee at import.

HMRC have suggested (they are still looking into this) if the product is £100 (to keep the maths simple) and I collect £110 (sale price) from the buyer I do not invoice the buyer with VAT because the buyer is already paying the VAT at import on the £100. HMRC then said I should invoice the manufacturer for the remaining £10 as "commission" which is exempt of VAT as it falls out of scope because the manufacturer is not in the UK or EU. My profits would be less than the £10 as I would need to pay eBay fees, PayPay fees and fees to convert GBP to Bitcoin.

The manufacturer would find the invoice confusing because they will not be paying me the amount stated on the invoice and the manufacturer is not aware of the price that I am charging the buyer.

Does this sounds correct to anyone?

I also need to know if the buyer buys a product which is to be hosted in China. Do I still don't charge the buyer VAT as the product has not landed in the UK and do I still invoice the manufacturer without VAT for my "commission" that the manufacturer does not pay me? They buyer is allowed to change their mind at a later date to have the product hosted product to be shipped to them and the buyer is aware that they will be liable for VAT and brokerage fees on import as well as the shipping cost. I would have to probably collect the shipping fee + PayPal and Bitcoin fees from the buyer (I do not intend to make a profit on this transaction)

ojames123 said:

So I would say I am good at ... fixing electronic problems and fixing vehicles (not very hard problems regarding vehicle fixing to be honest, but I do enjoy it).

I enjoy djing, everything and anything to do with fast cars and bikes, ... extreme sports, ... and get a lot of satisfaction out of fixing things car and electronic related. ...

Two other ideas (more personal ideas) I have had were buying CAT N cars from Copart (non structural), repairing and selling on ...

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Looking at all these ideas, identify any problems and work out a solution. Then you might have the start of a business.

Thank you both for your time and good answers! I will proceed and try to set up a limited company, which seems to be the best option for my needs.
Once again - thank you!

lesliedocherty said:

Tends to be consultation and the willingness to listen to the staff brings a more fruitful outcome

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Absolutely, seeing staff as people always helps!

Woody89 said:

The fact that it is relatively normal is the problem.

The role you describe is a contractor role, not a permanent employee. You pay premium rate for a short term business need, both party's understand the commitment to each other is temporary.

These lines are blurred now, I see this a lot where senior management use employees in the same way they use/abuse contractors.

To be honest this is only a reflection of poor management, in the case of my own organisation its down to poor leadership and the lack of experience of those individuals.

Sad sad times where employees seems to be consistently undervalued and its viewed as the norm.

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No, what I am describing is employee. As in salary, holidays, pension, someone managing them and so on.

Incidentally the office of company secretary went olut the window years ago.

The contract of employment test is quite difficult. A contract of employment does not hve to be written, but if a Direcor does not have a written one you need to look at the duties involved. If the director only carries out the duties of a director - ensuring the effective running of the company - there is probably no contract but, in this case as she does everything it is strongly arguable that she is also an employee. so AE comes into play.

As the company must set up a pension scheme and auto enrol the husband it makes little difference to also auto enrol the wife - she can immediately opt out if she does not wich to be part of the pension scheme.

It is, I meant "Can't escape".

hi - I have been using shopify for a few years for the sales of my artwork and silkscreen prints. Its a good option, customer service is very helpful as well if you have any technical issues.

Why do you think any of this represents a loss? Much of the expenditure is likely to be capital in nature, and purchases of stock is simply cost of sales. Have you made any sales?

More likely, you have lent money to your company to get started, and as the company makes money, you can be repaid.

You don't appear to have a sufficient grasp of accounting or tax principals to DIY this, and I suggest engaging an accountant.

Good advice from above but you need to get proactive now, don’t sign anything yet until you have done your homework:

Why do they need ‘your’ property, check out your local council’s website for planning applications? This can be done using post code and street address’s, be careful with the latter as this can be ‘hidden’ behind an address you don’t recognise.

If you can not find anything here you need a trip down to the local council offices and speak to the planning department in person they are normally very approachable.

Developers can have plans in place for parcels of land and housing they don’t actual own yet and the current owners know nothing about.

Is it a case this developer needs your property to access a parcel of land adjoining yours and neighbors properties

It’s the only place they can get planning permission to punch a road through for access

Is your property sitting on a large plot, a lot of older properties can come with quite big gardens, a very close friend of mine has just finished a project where he purchased one bungalow and part of a neighbors garden and built five large four bed houses ……… result

My advice again is do your homework, you my well find the value of your current property is worth far more than it’s normal sale value.

Hi Charlie

Confirm if you are still looking for a partner. Am a matured hard working woman. Feel free to message me.

I also think that the best approach to your question would be to consult your accountant. He or she will be able to provide you the best advise related to tax issues

If you want an accountant to prepare your accounts - around £600 +

He would need to enter daily figures once VAT reg under the retail scheme Mr D, although he can do it once a month or quarter. It can be done by getting an excel record of individual monthly sales and doing a date vlookup, then entering the daily totals into xero.

I have been using the Docs for about 5 years and it does the job.
In the past I used Cliq, Docs and Connect in tandem to collaborate with team and we all found it enjoyable and helpful to use.

Casual - by the time you've looked at all the bells and whistles that have to be added to that box to make it work, not really! Recorder, two monitors and even new lenses to cover a Super-35 5.7K sensor - it kind of all adds up! Still, it ain't an Arri Alexa-65!

But I think I have a solution to your problem, but it is a technical solution, so it will cost a bit (well, it would, wouldn't it?)

The answer is AI. There is a new generation of cameras on an AI gimbal that zoom, pan and tilt autonomously. You tell them to follow a person on stage and they do just that. They are coming out about now and should cost about £500 each. A couple of those and some static cams and the job's a goodun!

They're not shipping just yet, but soon! One I know about is the OsBot -

Awinner2 said:

Having run a 2M PA turnover petrol station I agree with others that tarpaulins are not a product that fits into their product listing portfolios. Much more the camping shop sheds, DIY outlets etc. However, the big UK chains buy directly from global factories and like all businesses, are very hard to get listed into.

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Thanks a lot for taking time to reply and share your experience. Rightly said, the big chains buy directly from global factories and hence my target customers are those


1) Wholesalers who buy from importers and who can't afford to import big LCL quantities.

and if possible

2) Shops who buy off the wholesaler


Now my next challenge is to look for such type of businesses. All suggestions welcome.

Thanks

Jaydee said:

As these are "deliberate defaulters" [so they are not just companies that owe tax, they are companies that have knowingly submitted incorrect figures] then perhaps the directors are on the line (if HMRC can prove that they have acted fraudulently or in breach of directors' duties).

If you look at the liquidator's statement of affairs of the £22.9m company the directors have borrowed over £3m from the company prior to the liquidation - and so presumably that amount at least will be demanded back from them.

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Does not mean its recoverable.
And say a 5 year ban as a director in return for enjoying a share of £3m ….

Voipfone is your answer.

Thank you for clarifying the issue Scalloway.

Owesdr said:

You definitely need to solve the weather issue as it will affect your business considerably, especially considering UK weather. As you have already mentioned, the pop up tent would be an option which is not so expensive.

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Except when the tent blows away or breaks its supports.
Don't get a cheap tent.