Re: Tax advice needed

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Archangel replied

23 August 2013, 14:40
Sounds like money laundering to me
Leave a comment:
Jessica@WhiteFieldTax replied

23 August 2013, 10:15
Without more detail to analyse this, its hard to comment but something seems iffy. I'm drawn towards carousel fraud for some reason.

Get yourself in front of an accountant / tax specialist.
Leave a comment:
bless 'em all replied

22 August 2013, 22:27
Originally posted by 5layer View Post

Hello all,

The company so far has been trading in the UK only.

Recently we were approached to source wholesale goods from outside the UK and supply to our client overseas, the client wants us to pay for the goods and is ready to send the funds to our business account. We will be charging a commission and expect to pay taxes.

This is a trial order for our client, if we are successful, we will be handling all of there business in 3 different countries.

Will we have to pay any UK taxes on the clients money in our account for the purchase of goods and shipping to there country?

Any assistance in this matter will be very helpful.

Thanks

Why would a purchaser with cash to pay need a third party to place orders?

Sounds dodgy to me.
Leave a comment:
northernladuk replied

22 August 2013, 21:38
Maybe a good time to invest in an accountant?
Leave a comment:
5layer started a topic Re: Tax advice needed

22 August 2013, 20:42
Re: Tax advice needed

Hello all,

The company so far has been trading in the UK only.

Recently we were approached to source wholesale goods from outside the UK and supply to our client overseas, the client wants us to pay for the goods and is ready to send the funds to our business account. We will be charging a commission and expect to pay taxes.

This is a trial order for our client, if we are successful, we will be handling all of there business in 3 different countries.

Will we have to pay any UK taxes on the clients money in our account for the purchase of goods and shipping to there country?

Any assistance in this matter will be very helpful.

Thanks
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