Recent content by myfirstimportbusiness

  1. M

    BUYING A SOLE TRADER'S BUSINESS

    Agreed, that's why I said "your valuation", I made no reference to asking price. The point I was making was that the lease negotiation in itself, without knowing whether the rent will rise, is not a reason in itself to reduce the offer the buyer has already made for the business.
  2. M

    Competition clause with previous employer

    I recently left my company and started up by myself. I'm interested to know how restrictive my previous contract really is. I worked in conferencing for the Oil & Gas industry and have 6 months' restrictions. My restrictions state that: I cannot provide services to previous customers which...
  3. M

    BUYING A SOLE TRADER'S BUSINESS

    Not exactly. You are buying the business so your valuation, as already mentioned, is based on previous years' turnover and profit. The only fair reason for you to decrease your offer is if the landlord asks for an unexpectedly large increase in rent during the negotiations. After all, the...
  4. M

    Taking Paypal to court.

    Paypal Europe, unlike Paypal US, is a registered bank. Does that in any way alter their legal obligations / make them more accountable?
  5. M

    Reclaiming VAT on goods bought through retial outlets, for resale.

    OK, understood. I just thought there was an EU wide VAT system, and I could perhaps register for an EU VAT number. Since there's not, I guess the answer is simple. Once my sales reach the threshold, relocate the business to Belgium! I am an online retailer, so why not ei? I will be moving to...
  6. M

    Reclaiming VAT on goods bought through retial outlets, for resale.

    The warranty for these goods is not tied to the receipt, although we do offer a free service whereby we can handle warranty issues on behalf of customers. I may get blacklisted by the manufacturer but this is a risk I am prepared to take. The supplier is too big to be blacklisted. So, does...
  7. M

    Reclaiming VAT on goods bought through retial outlets, for resale.

    Thanks for all the replies, I'll elaborate a bit: The goods are purchased from Belgium. The rate of VAT there is 22%. I can only buy the goods from a retailer, since authorised wholesalers have exclusivity agreements, which is also the reason I can't buy the goods in the UK. I found a...
  8. M

    Reclaiming VAT on goods bought through retial outlets, for resale.

    Can someone please tell me if I can reclaim VAT on acquisitions from the EU which come from retailers and not wholesalers? Of course, these goods are for re-sale by my company in the UK and VAT receipts can be provided for me.
  9. M

    VAT question, purchasing from EU

    Can someone please tell me if I can reclaim VAT on acquisitions from the EU which come from retailers and not wholesalers? Of course, these goods are for re-sale by my company in the UK and VAT receipts can be provided for me.
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