Hi All,
I have a few VAT related questions.
I have a non EU company.
1)If I'm dropshipping to UK from China and my revenue is higher than the UK threshold am I obliged to pay VAT?
I know that VAT is normally determined based on the place of good at the moment of transaction but I'm wondering if this changes as soon as you pass the threshold at the destination country.
Does this depend on whether or not the customer is considered the importer?
2)If I have a VAT entity in the UK and pass the threshold, sell some products from within the EU and some other products are dropshipped directly from China-
Do I need to pay VAT for all orders (including those that came directly from China)?
3)I saw blog post stating:
"Goods imported from a third country may involve a chain of supplies. For example
Does this mean that if I have bought products from China and sent them to a UK 3pl.
And then a purchase from a UK customer was made in my non UK store I'm not obliged to pay VAT? (assuming I pass the yearly threshold but don't have VAT file)
Thank you all for the help!
P.S
I don't mind paying for advice so if anybody knows a good consulting firm about this matter I'd appreciate any referrals.
I have a few VAT related questions.
I have a non EU company.
1)If I'm dropshipping to UK from China and my revenue is higher than the UK threshold am I obliged to pay VAT?
I know that VAT is normally determined based on the place of good at the moment of transaction but I'm wondering if this changes as soon as you pass the threshold at the destination country.
Does this depend on whether or not the customer is considered the importer?
2)If I have a VAT entity in the UK and pass the threshold, sell some products from within the EU and some other products are dropshipped directly from China-
Do I need to pay VAT for all orders (including those that came directly from China)?
3)I saw blog post stating:
"Goods imported from a third country may involve a chain of supplies. For example
- A may supply the goods to B
- B then supplies them to C, and
- C in turn supplies them to D.
Does this mean that if I have bought products from China and sent them to a UK 3pl.
And then a purchase from a UK customer was made in my non UK store I'm not obliged to pay VAT? (assuming I pass the yearly threshold but don't have VAT file)
Thank you all for the help!
P.S
I don't mind paying for advice so if anybody knows a good consulting firm about this matter I'd appreciate any referrals.