Recent content by Livingstone1990

  1. L

    VAT query for selling sneakers on online platform "Stockx"

    Thanks a lot for your input its definitely given me more clarity. Have one quick question; I also have the option to ship to the stockx base in the US. Would this make the sales 0 rates then as they are leaving the EU?
  2. L

    VAT query for selling sneakers on online platform "Stockx"

    If they're accounting for VAT and I'm accounting for VAT on my sales is VAT not then paid twice on 1 sale? Most sellers on the platform are Non VAT registered or individuals selling off personal collections so if it's assumed that VAT is included in the price how would that work on a C2C level?
  3. L

    VAT query for selling sneakers on online platform "Stockx"

    Gave this a go Tried contacting them a few months ago and they are completely useless. All the support staff and management are US based and don't really have much of an idea about VAT regulations etc. Most sellers on the site aren't VAT registered so I dont think they would pass it on to the...
  4. L

    VAT query for selling sneakers on online platform "Stockx"

    They take roughly 10%. But the payouts from them are minus their 10% fees
  5. L

    VAT query for selling sneakers on online platform "Stockx"

    I'm UK based and the stock is in the UK. Il try and explain how StockX works to give you guys a better understanding It's essentially a live ‘bid/ask’ marketplace. Buyers place bids, sellers place asks, and when a bid and ask meet, the transaction happens automatically. There is complete...
  6. L

    VAT query for selling sneakers on online platform "Stockx"

    Hi all, Looking for a bit of advice on selling on a sneaker platform known as Stockx. I'm the sole director of a VAT registered limited company that sells limited-edition footwear similar to those sold on their website. Stockx was based in the states however moved into Europe in 2019 but is...
  7. L

    VAT query for selling sneakers on online platform "Stockx"

    Hi, thanks for your input... I understand that. But that's not what Im asking
  8. L

    VAT query for selling sneakers on online platform "Stockx"

    Hi all, Looking for a bit of advice on selling on a sneaker platform known as Stockx. I'm the sole director of a VAT registered limited company that sells limited-edition footwear similar to those sold on their website. Stockx was based in the states however moved into Europe in 2019 but still...
  9. L

    Close Ltd company and start a new one? Possible VAT inspection?

    Hi all, I've been running an eCommerce website for around 5 years now and have been VAT registered for the last 4. Towards the start, I was more focussed on consumer-related sales so my VAT bills per quarter were around 3-5k. For the last year or so I have moved more onto B2B and dealing with...
  10. L

    £3000 Companies House Fine :( Anything I can do?

    Yeah of course. Any recommendations for a new accountant haha
  11. L

    £3000 Companies House Fine :( Anything I can do?

    Accountant wont pay up. Will appeal for the sake of it but probably just take it on the chin and pay up.
  12. L

    £3000 Companies House Fine :( Anything I can do?

    My bad, I thought he meant other creditors
  13. L

    £3000 Companies House Fine :( Anything I can do?

    There are no Creditors
  14. L

    £3000 Companies House Fine :( Anything I can do?

    Thanks, Vat registered company and around £150k in assets atm would that cause any complications?
  15. L

    £3000 Companies House Fine :( Anything I can do?

    Thanks for your reply. This is exactly what I've been reading about also. Bit of a bummer. Also seen mention of dissolving the company and then forming a new company and transferring the assets and liabilities of the old company to the new company?
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