Our Strengths

Our Strengths

Registration

Fill out a simple form and provide the required identification documents. Please leave the rest to us.

Registration

Fill out a simple form and provide the required identification documents. Please leave the rest to us.

VAT return

In the UK, we submit our VAT return quarterly, just send us your VAT report from your platform market and leave the rest to us.

VAT return

In the UK, we submit our VAT return quarterly, just send us your VAT report from your platform market and leave the rest to us.

VAT agent

We are your tax agent in the UK, handling all your correspondence and providing you with your actual mailing address.

VAT agent

We are your tax agent in the UK, handling all your correspondence and providing you with your actual mailing address.

Audit and assistance

We will guide you through all reviews and provide documentation to the UK authorities.

Audit and assistance

We will guide you through all reviews and provide documentation to the UK authorities.

Professional support

Support your approach. Our professionals are always available to help you when you need them. We can arrange meetings with any office worldwide.

Professional support

Support your approach. Our professionals are always available to help you when you need them. We can arrange meetings with any office worldwide.

Aftercare

We'll answer all and any questions you may have, even after you are registered via Email, Phone, Skype, Wechat or Whatsapp. We understand the needs of a thriving business like yours.

Aftercare

We'll answer all and any questions you may have, even after you are registered via Email, Phone, Skype, Wechat or Whatsapp. We understand the needs of a thriving business like yours.

UK VAT

You need to register VAT in the UK if:
· you store goods in the UK; As well as
· you sell them to UK consumers; As well as
· your sales exceed the UK VAT threshold of 85,000.

You may also need to register VAT separately in other EU countries/territories if:
· you sell to consumers in other EU countries.

In another EU country

You need to register VAT in the UK if:
• you store the goods in the UK or
• you sell to UK consumers (non-business); As well as
• your sales exceed the VAT threshold for remote sales in the UK by £70,000.

In another EU country

You need to register VAT in the UK if:
• you store the goods in the UK or
• you sell to UK consumers (non-business); As well as
• your sales exceed the VAT threshold for remote sales in the UK by £70,000.

Outside the European Union

You need to register VAT in the UK if:
• you sell goods stored in the UK to eu customers.
• you may also need to register VAT separately in other eu countries under the following circumstances
• you sell to consumers in other eu countries.

Outside the European Union

You need to register VAT in the UK if:
• you sell goods stored in the UK to eu customers.
• you may also need to register VAT separately in other eu countries under the following circumstances
• you sell to consumers in other eu countries.

Type of VAT in the UK

• standard VAT - 20%
• special goods vat-5%
• zero rated goods -0%
• VAT free goods

Type of VAT in the UK

• standard VAT - 20%
• special goods vat-5%
• zero rated goods -0%
• VAT free goods

A UK based VAT information


If you store goods in the UK and sell them in the UK, and you are a UK registered business, your duty free threshold is no more than £85,000 per annum.


If you are British and want to ship to other European countries/regions, you need to check the VAT threshold of each country/region. If you store goods in that country/region, the system will automatically register the VAT for you from day 1. Please see our other countries/territories page for more information on the registration requirements for each European country/region.


Companies based in the European Union sell to Britain


If your company is located in any eu country/region, but you store your goods in the UK through amazon FBA or other third-party warehouses, you must register for VAT immediately on the first day of trading.


If you store in your home country and ship within the UK, the turnover limit is £70,000 per year until you have to actually register VAT in the UK.


Outside the European Union


If you are outside the eu and sell goods directly to the UK from your own warehouse outside the eu, you do not need to register for VAT, but your customer may have to pay VAT and duty at customs. This means you don't have to register for UK VAT.


Type of VAT in the UK


When we talk about VAT in the UK, we immediately assume that 20% is the applicable rate, which may surprise most people, but it's not true. You can apply for different types of VAT.


Standard vp-20% is the standard UK VAT rate for all purchases and sales, which means you must pay 20% of all our sales to HMRC if applicable, but under this scheme you can deduct the purchase amount from the sale to arrive at the final VAT figure you will pay each quarter.


Special VAT - the VAT rate for certain products in certain categories is 0% or even 5%, and you need to check the product code for each product type to make sure you are charging the correct VAT rate for the goods.


Flat rate - you can apply for a flat rate scheme, which is a fixed percentage of VAT depending on your business unit. For online sellers, the flat rate is 7.5%, but you will get a 1% discount for the first year of VAT registration in the UK. This means you only have to pay 6.5% VAT for the goods you sell in the first year.


FAQ

FAQ

VAT is charged on all goods, also known as Value Added Tax, it is a consumer tax based on the goods you sell or buy. Registering for VAT allows you to claim the VAT back and offset it agaisnt your purchases.


Most companies do not need to register for VAT in the UK until they hit the distance selling or tax threshold but there are certain requirements where you have to immediately register for VAT regardless of turnover.
Why do I need to register for VAT?
VAT is charged on all goods, also known as Value Added Tax, it is a consumer tax based on the goods you sell or buy. Registering for VAT allows you to claim the VAT back and offset it agaisnt your purchases.


Most companies do not need to register for VAT in the UK until they hit the distance selling or tax threshold but there are certain requirements where you have to immediately register for VAT regardless of turnover.
The UK are generous with thier distance selling threshold compared to most EU countries. The distance selling threshold is set at £70,000.


If you are a UK business you are not required to register for VAT until you reach £85,000 turnover in a single year, you need to immediately register as soon as you hit this figure.
What is the UK VAT Threshold?
The UK are generous with thier distance selling threshold compared to most EU countries. The distance selling threshold is set at £70,000.


If you are a UK business you are not required to register for VAT until you reach £85,000 turnover in a single year, you need to immediately register as soon as you hit this figure.
Non-EU companies are obliged to register for VAT is felling goods to the UK otherwise they should inform their customers that they will have to pay Duty and Income tax when their goods enter the UK.


EU Companies will need to register for VAT in the UK when they reach the distance selling threshold of £70,000


UK Companies will need to register for VAT when they meet the £85,000 threshold


There are other circumstances where you will need to register for VAT in the UK, these include;

Importing goods into the UK for a Non-EU country
Organising live events, conferences, etc, in the UK
Supply and install services over 12 months
Storing goods in a UK Warehouse
Selling goods from the UK to other EU countries
If you sell from an Online Marketplace
When do i need to register for VAT in the UK?
Non-EU companies are obliged to register for VAT is felling goods to the UK otherwise they should inform their customers that they will have to pay Duty and Income tax when their goods enter the UK.


EU Companies will need to register for VAT in the UK when they reach the distance selling threshold of £70,000


UK Companies will need to register for VAT when they meet the £85,000 threshold


There are other circumstances where you will need to register for VAT in the UK, these include;

Importing goods into the UK for a Non-EU country
Organising live events, conferences, etc, in the UK
Supply and install services over 12 months
Storing goods in a UK Warehouse
Selling goods from the UK to other EU countries
If you sell from an Online Marketplace
Standard VAT - 20% is the standard VAT rate for the UK applicable to all purchases and sales, this means you have to pay the HMRC 20% of all of our sales where applicable but on this scheme you can deduct your purchases from your sales to come to your final VAT figure to be paid each quarter.


Special VAT- Some product in various categories are rated at 0% or even 5% VAT, you'll need to check the commodity code for each of your product types to ensure you are charging and paying the correct VAT rate on your goods.


Flat Rate- You can apply for the flat rate scheme which is a set % of VAT depending on your business sector, for online sellers it is 7.5% but you get a 1% discount for the first year of being VAT registered within the UK. Which means for the first year you will only pay 6.5% VAT on your sold goods.
What is the VAT Rate the UK?
Standard VAT - 20% is the standard VAT rate for the UK applicable to all purchases and sales, this means you have to pay the HMRC 20% of all of our sales where applicable but on this scheme you can deduct your purchases from your sales to come to your final VAT figure to be paid each quarter.


Special VAT- Some product in various categories are rated at 0% or even 5% VAT, you'll need to check the commodity code for each of your product types to ensure you are charging and paying the correct VAT rate on your goods.


Flat Rate- You can apply for the flat rate scheme which is a set % of VAT depending on your business sector, for online sellers it is 7.5% but you get a 1% discount for the first year of being VAT registered within the UK. Which means for the first year you will only pay 6.5% VAT on your sold goods.
The UK tends to be one of the fastest registrations we have come across.


Once we have all of your ID and documents back it can generally take up to 2 weeks to become VAT registered within the UK.
How long does it take to register for VAT in the UK?
The UK tends to be one of the fastest registrations we have come across.


Once we have all of your ID and documents back it can generally take up to 2 weeks to become VAT registered within the UK.
Returns in the UK are filed Quarterly
How often are returns filed in the UK?
Returns in the UK are filed Quarterly
The HMRC defines the following regarding Brexit however as a deal has not yet been struck this is still a grey area.


"HMRC defines you as an overseas seller if you sell goods stored in the UK to UK consumers and do not have a business establishment in the UK.


You’ll be established in the country where the functions of your business’s central administration take place.


To work out where that is you should consider where:


essential management decisions are made
your registered office is located
management meetings take place
You’re also an overseas seller if you’re based outside the EU and sell goods to a UK consumer, then import them into the UK.


If the UK leaves the EU without a deal you must pay import VAT if all the following apply:


you are based outside the UK
you sell parcels to UK buyers worth £135 or less
the goods you sell are located outside the UK
What will Brexit mean for VAT in UK?
The HMRC defines the following regarding Brexit however as a deal has not yet been struck this is still a grey area.


"HMRC defines you as an overseas seller if you sell goods stored in the UK to UK consumers and do not have a business establishment in the UK.


You’ll be established in the country where the functions of your business’s central administration take place.


To work out where that is you should consider where:


essential management decisions are made
your registered office is located
management meetings take place
You’re also an overseas seller if you’re based outside the EU and sell goods to a UK consumer, then import them into the UK.


If the UK leaves the EU without a deal you must pay import VAT if all the following apply:


you are based outside the UK
you sell parcels to UK buyers worth £135 or less
the goods you sell are located outside the UK

Contact Us

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909-200-4050

Email: support@mxk8fin.com


Business Hours

Monday to Friday 9:00am to 17:30pm