http://www.thewholesaleforums.co.uk/forum/ Discuss surrounding areas of the import/export industry, VAT/Tax and the accompanying laws and legislation. Get help and advice from the community on these topics within this category. en Fri, 20 Nov 2009 22:11:49 GMT vBulletin 60 http://www.thewholesaleforums.co.uk/forum/wf_icons/misc/rss.jpg http://www.thewholesaleforums.co.uk/forum/ http://www.thewholesaleforums.co.uk/forum/import-export-vat-tax-and-legal-discussion/72318-50-tax-bracket-threshold.html Thu, 19 Nov 2009 00:42:31 GMT We were discussing earnings and projections today when the matter of the 50% tax bracket/threshold came up, obviously time factors will play a major part in what decision we will take when we look like we will hit that level. Obviously I am not trying to avoid tax but if we are close to... We were discussing earnings and projections today when the matter of the 50% tax bracket/threshold came up, obviously time factors will play a major part in what decision we will take when we look like we will hit that level.
Obviously I am not trying to avoid tax but if we are close to achieving the threshold with say 3-5 months of the financial year remaining then I personally am not sure it would be worth the loss due to revenue to continue until the new fin year unless we feel we can more than double profit, what do you do in this situation?



This is a matter I will be raising with the accountant at our next meeting, ]]> Import/Export, VAT/Tax and Legal Discussion Mart http://www.thewholesaleforums.co.uk/forum/import-export-vat-tax-and-legal-discussion/72318-50-tax-bracket-threshold.html http://www.thewholesaleforums.co.uk/forum/import-export-vat-tax-and-legal-discussion/72169-ce-marking.html Tue, 17 Nov 2009 16:51:02 GMT Hello all, i am right in thinking that all electrical products need to be ce marked told be sold in this country. are there and other marking they need. i know this rule applies to toys would it apply to none electrical ie stand for a tv? thanks chris Hello all,
i am right in thinking that all electrical products need to be ce marked told be sold in this country. are there and other marking they need. i know this rule applies to toys would it apply to none electrical ie stand for a tv?
thanks
chris ]]> Import/Export, VAT/Tax and Legal Discussion chrisj1220 http://www.thewholesaleforums.co.uk/forum/import-export-vat-tax-and-legal-discussion/72169-ce-marking.html http://www.thewholesaleforums.co.uk/forum/import-export-vat-tax-and-legal-discussion/72097-labeling-items-low-value-gifts.html Mon, 16 Nov 2009 21:25:02 GMT Hi

Someone bought an IPOD touch on ebay and wants it sent to the UAE. He said that he wants the item labelled as a "low value gift". Does anyone know anything about this? How "low value" can I mark an ipod touch?

Is this legal? Anything I should be aware of? ]]> Import/Export, VAT/Tax and Legal Discussion zachbb http://www.thewholesaleforums.co.uk/forum/import-export-vat-tax-and-legal-discussion/72097-labeling-items-low-value-gifts.html http://www.thewholesaleforums.co.uk/forum/import-export-vat-tax-and-legal-discussion/71978-opening-my-own-cosmetic-oversale-store.html Sun, 15 Nov 2009 19:02:58 GMT Hello all ppl around the globe :)

I'm thinking about to open my own personal cosmetic/oversale/disouunts store, and wanna ask if anyone know do i need any license to sell branded cosmetic such as Loreal, Maybelline, covergirl, garnier and more...

Anyone know anything about this?

Thanks ]]> Import/Export, VAT/Tax and Legal Discussion piaw http://www.thewholesaleforums.co.uk/forum/import-export-vat-tax-and-legal-discussion/71978-opening-my-own-cosmetic-oversale-store.html http://www.thewholesaleforums.co.uk/forum/import-export-vat-tax-and-legal-discussion/71871-giftandquot-uae.html Sat, 14 Nov 2009 14:00:04 GMT Hi, has anyone ever received anything from UAE? Basically my friend wants to send me a mobile phone from Dubai (Im in the UK) but i was wondering will i have to pay tax on receiving, and if yes, is there any chances to avoid it somehow? Hi, has anyone ever received anything from UAE? Basically my friend wants to send me a mobile phone from Dubai (Im in the UK) but i was wondering will i have to pay tax on receiving, and if yes, is there any chances to avoid it somehow? ]]> Import/Export, VAT/Tax and Legal Discussion fabfotty http://www.thewholesaleforums.co.uk/forum/import-export-vat-tax-and-legal-discussion/71871-giftandquot-uae.html http://www.thewholesaleforums.co.uk/forum/import-export-vat-tax-and-legal-discussion/71868-online-raffle-competition.html Sat, 14 Nov 2009 12:47:05 GMT What are the legalities surrounding such a venture. The plan is to offer a prize to the winner. In order to be in with a chance they must answer a simple question. Who is PM etc. Or else a spot the ball contests (a la the big airport supercar draws) They pay £1 to answer the question, and a... What are the legalities surrounding such a venture.

The plan is to offer a prize to the winner.
In order to be in with a chance they must answer a simple question. Who is PM etc. Or else a spot the ball contests (a la the big airport supercar draws)
They pay £1 to answer the question, and a correct answer gains entry to the draw.
Say the prize is worth £100, I'd set a target of 125/150 before the draw is made.

I plan to advertise on Gumtree primarily, among several UK cities within that site.

I've looked at these PDF's which suggst that having the qustion aspect makes it above board.

http://www.limeone.com/forumimages/a...mpetitions.pdf


Any thoughts? ]]> Import/Export, VAT/Tax and Legal Discussion smiler900 http://www.thewholesaleforums.co.uk/forum/import-export-vat-tax-and-legal-discussion/71868-online-raffle-competition.html http://www.thewholesaleforums.co.uk/forum/import-export-vat-tax-and-legal-discussion/71777-when-do-i-actually-register-business-and-am-eligible-pay-taxes-etc.html Fri, 13 Nov 2009 13:27:43 GMT Hey there Guys ive recently lancuhed a new recent online business. And am wondering at what point i would be eligble to register as a business? I mean is there a certain amount of profit i would have to make to register as a business? And at what point am i eligible to pay taxes? Please... Hey there

Guys ive recently lancuhed a new recent online business. And am wondering at what point i would be eligble to register as a business? I mean is there a certain amount of profit i would have to make to register as a business?

And at what point am i eligible to pay taxes?

Please help me out am a Student so have no clue.

Thanks a lot

Appreciate it


Regards



Zesh ]]> Import/Export, VAT/Tax and Legal Discussion styla http://www.thewholesaleforums.co.uk/forum/import-export-vat-tax-and-legal-discussion/71777-when-do-i-actually-register-business-and-am-eligible-pay-taxes-etc.html http://www.thewholesaleforums.co.uk/forum/import-export-vat-tax-and-legal-discussion/71662-new-importing-and-confused-terms.html Thu, 12 Nov 2009 13:14:50 GMT I look at a lot of manufacturers in other countries for example China. When they speak about shipping they use terms that I am unsure on what they mean. Can anybody help please? *COR CIF FOB* I look at a lot of manufacturers in other countries for example China.
When they speak about shipping they use terms that I am unsure on what they mean. Can anybody help please?

COR

CIF

FOB ]]> Import/Export, VAT/Tax and Legal Discussion peterburfoot http://www.thewholesaleforums.co.uk/forum/import-export-vat-tax-and-legal-discussion/71662-new-importing-and-confused-terms.html http://www.thewholesaleforums.co.uk/forum/import-export-vat-tax-and-legal-discussion/71654-aussie-laws-and-import-info.html Thu, 12 Nov 2009 11:51:32 GMT I'm looking in to branching out and setting a friend up in Australia offering products that I currently import from China to the UK. He is on a 2 year visa, working toward residency but his girlfriend has agreed to use her name and address.

I was wondering what we could get away with sending as a sample to begin with to test the water. Secondly, if we find there is a market, are the procedures and costs similar to those in the UK?

Thanks ]]> Import/Export, VAT/Tax and Legal Discussion pro-print http://www.thewholesaleforums.co.uk/forum/import-export-vat-tax-and-legal-discussion/71654-aussie-laws-and-import-info.html http://www.thewholesaleforums.co.uk/forum/import-export-vat-tax-and-legal-discussion/71650-uk-trade-tarrif-import-usa.html Thu, 12 Nov 2009 11:37:30 GMT Hi All,

I have mainly been buying from UK wholesalers and now looking to buy from US wholesalers. I've found lots of information about importing from the US on TWF but there are a few things which im still unsure about.

Will the final UK VAT rate be taxed on the package amount and shipping?

I have had a look at the UK Trade Tarrif for any additional duty fees. If there is no 'Duty rates / prohibitions' value does that mean there is no duty or am I missing something here?

Example:

http://www.businesslink.gov.uk/bdotg...nDate=12/11/09

If I look up the Measures for the US it says: "There are no EU preference measures for this commodity on this date"

Thanks in advance

U. ]]> Import/Export, VAT/Tax and Legal Discussion u777 http://www.thewholesaleforums.co.uk/forum/import-export-vat-tax-and-legal-discussion/71650-uk-trade-tarrif-import-usa.html http://www.thewholesaleforums.co.uk/forum/import-export-vat-tax-and-legal-discussion/71603-importing-through-freight-forwarder.html Thu, 12 Nov 2009 00:55:30 GMT I think I found a goldmine when I saw such an active forum. Just reading old threads have been very helpful.

But, i havn't seen this question asked and was wondering if anybody had any ideas.

I am a first time importer and have decided that I want to import and resell designer handbags in South Korea. I found liquidation offers some great lot deals on handbags but they only ship within the US, and countless inquiries have been ignored.

So I was thinking, what if I just won an auction (that had a manifest) and had them ship it to a freight forwarder (UPS, FEDEX, DHL, etc) and then finally to me. So the freight forwarder would be handling the shipping, customs and duties. I know that I would be paying 2x for shipping, but designer bags go for 2x the price here as well.

What are your thoughts?

Any help would be appreciated. Thanks! ]]> Import/Export, VAT/Tax and Legal Discussion wwallace1 http://www.thewholesaleforums.co.uk/forum/import-export-vat-tax-and-legal-discussion/71603-importing-through-freight-forwarder.html http://www.thewholesaleforums.co.uk/forum/import-export-vat-tax-and-legal-discussion/71466-account-pixmania-pro-and-de-registering-vat.html Tue, 10 Nov 2009 20:48:42 GMT Hi, Have got a site at the moment, and just wondering what the situation is with pixmania pro and de-registering for VAT. Because pix require you to be VAT registered before you open an account, I did that, however did not know that know that being VAT registered would mean not being able to... Hi,

Have got a site at the moment, and just wondering what the situation is with pixmania pro and de-registering for VAT. Because pix require you to be VAT registered before you open an account, I did that, however did not know that know that being VAT registered would mean not being able to sell the first £68,000 without charging VAT. Now I'm in abit of a dilemma, and just wondering if someone could tell me if I de-registered VAT and continued to purchase stuff from pixmania pro would be illegal? Would there be any consequences, if so what and with who?

Cheers,

John:) ]]> Import/Export, VAT/Tax and Legal Discussion pretty-boy http://www.thewholesaleforums.co.uk/forum/import-export-vat-tax-and-legal-discussion/71466-account-pixmania-pro-and-de-registering-vat.html http://www.thewholesaleforums.co.uk/forum/import-export-vat-tax-and-legal-discussion/71366-costumes-fom-china-has-anyone-come-across-company.html Mon, 09 Nov 2009 21:53:39 GMT I hae located this company on Alibaba (gold) Jinjiang Langzhou Garment Co., Ltd, they say thy supply Legs Avenue. Their websit is instyle.cn and they take payment via Paypal. Has anyone had any dealings with them or know them to be involved in a scam? Regards Linden I hae located this company on Alibaba (gold) Jinjiang Langzhou Garment Co., Ltd, they say thy supply Legs Avenue. Their websit is instyle.cn and they take payment via Paypal.
Has anyone had any dealings with them or know them to be involved in a scam?

Regards

Linden ]]> Import/Export, VAT/Tax and Legal Discussion amorevietato http://www.thewholesaleforums.co.uk/forum/import-export-vat-tax-and-legal-discussion/71366-costumes-fom-china-has-anyone-come-across-company.html http://www.thewholesaleforums.co.uk/forum/import-export-vat-tax-and-legal-discussion/71320-importing-toys-china-need-advice.html Mon, 09 Nov 2009 14:54:12 GMT Hi

I have ordered some (60 cartons) toys from China, with the help of a friend (friend found supplier and will take care of quality, and shipping from China). everything is ready to be shipped. I would like to ask this forum to please guide me through the importing process. I have read Fardel's post on Basics of importing, and found it very useful. what I would like to know now is that is there anything I should do before my friend actually ships the shipment, eg. file any paper work? if so what papers do i need from the supplier or my friend.

Below is a discription to help you help me:
Theses are educational/3d puzzel toys and are made of wooden board. consumer has to assemble the pieces and colour if he/she wish. This product is already being sold in the UK.

How can I find tarrif code, can I find it on the packing, in a shop where it is being sold.
What is best way to have it shipped from mainland Chaina to the UK.

Once received, I intend to sell in car boot sales, ebay, and any other way I can find, (may ask for help again for that)

Any Thankyou sor your help in advance.

Ajmal. ]]> Import/Export, VAT/Tax and Legal Discussion ajmal http://www.thewholesaleforums.co.uk/forum/import-export-vat-tax-and-legal-discussion/71320-importing-toys-china-need-advice.html http://www.thewholesaleforums.co.uk/forum/import-export-vat-tax-and-legal-discussion/71302-question-regarding-vat.html Mon, 09 Nov 2009 11:46:26 GMT I used to know this but my mind has gone completely blank about this. We will be selling items on our site including VAT (We will be selling below the 65k mark) this means we make the the 15% VAT profit right? And how do we go about getting the VAT back, revenue and customs? I used to know this but my mind has gone completely blank about this.

We will be selling items on our site including VAT (We will be selling below the 65k mark) this means we make the the 15% VAT profit right?

And how do we go about getting the VAT back, revenue and customs? ]]> Import/Export, VAT/Tax and Legal Discussion Leeman http://www.thewholesaleforums.co.uk/forum/import-export-vat-tax-and-legal-discussion/71302-question-regarding-vat.html