Recent content by Beyondthet

It seems that almost every Crypto is on the upside. However, how comes Monero is tanking? You would think that such a great idea for a privacy coin would take off to the moon. But no. How comes?

I did some research on this and its formally known as 'Disaggregation' or 'Business Splitting' in the UK. See here for a basic overview: Business splitting and VAT avoidance - The Friendly Accountants In short, it's not a viable option because the taxman has powers to prove that all these...

It's looking more and more like the only thing I can do is completely move somewhere else then and start everything from scratch. I dont see any other viable options.

Understood. This is if I decide to move to Cyprus. But what if I continued to live in the UK but incorporated in Cyprus? How will that work out in terms of taxes? I assume I will pay taxes in Cyprus and pay VAT in the UK? I have but I've not hit the UK VAT limit yet because in terms of...

Right now, I only ship from UK to UK. Goods are from China. So are you suggesting sticking to using a UK company instead of an offshore company setup? But then what about taxes which is the main concern of mine? Income tax is 45% over £150,000 and on top of that you need to pay 20% VAT over...

Also why is it so important for you that there is a big demand for eCommerce in the country you relocate to? Surely you would just keep selling to the same market and customers that you already target(the UK)? Because the plan if I were to relocate to a tax haven completely is that, I would...

PayPal and yes. Right now everything is operating UK based.

First of all, you guys are awesome! Thank you for the invaluable gems scattered around here. I am conducting ecommerce in the UK and I am concerned with taxes and VAT. The tax rates are so high I am considering other options (I.e. an offshore company or relocating etc) 1. What will be the...