Help with UK VAT & Accounting

[Jerrytrade]

Hello,

I have just signed a contract with a Belorussian company to deal with there purchasing. Mostly the purchasing will happen outside UK and EU.
The principle of work is as follows: They set me a target, for example, a crane for £100000, I will find one, say for £95k. They transfer £100k into my account, I forward £95k to the seller in another EU/non-EU country (Most probably). £5k is my profit. So as I understand: I will need to pay 21% of £5k as corporate tax for the limited company, and all my expenses + salary as dividends . But will I need to include VAT into the sum? I mean, will I need to say in the accounting that £5k = 1k vat + 4k profit.
I will work mostly internationally, and only based in the UK, do I still need Vat?
So is that right? or I have got it wrong? and is there anything else I need to know? maybe someone hod experience in working only abroad and being based in UK?
Every advice is welcome!
Thank you

 

[Bob]

You may need to concern yourself with the Money Laundering Regulations. If the company were to make the payments to you by paying cash to transfer to your account you would need to register as a High Value dealer. This only applies if you can identify the source of the transfer as cash. More details here.
Money laundering means exchanging money or assets that were obtained criminally for money or other assets that are 'clean'. The clean money or assets don't have an obvious link with any criminal activity. Money laundering also includes money that's used to fund terrorism, however it's obtained

 

[Jerrytrade]

Thanks for that information. I will check out the website. But there is no cash involved. All done via bank transfers. The money are perfectly legal and everything is above board. They are a equipment hire business so they constantly sell and buy heavy machinery. I am mostly worried about the correct way to organize everything and make correct payments.