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-   -   Should I pay tax? (http://www.sowpub.com/forum/showthread.php?t=8481)

sharong May 26, 2013 08:39 AM

Should I pay tax?
 
I own several online business which focus in the UK market. My business is not in the UK or in the European union jurisdiction. My question is: are there any taxes I need to pay? should I add the vat to the products my users are purchasing?

Glenn May 26, 2013 11:46 PM

Here is What Some Mentors are Doing
 
Dear Sharong,

Find someone you respect who is already doing something
similar to you.

And ASK, "How do you already handle this?"

Generally.

Mentors I know who do a lot of international business will find ONE
Country - the one they live in-citizenship - to pay tax to.

------------
------------
EXCEPT for...Folks who have been Knighted.

People like Sir Richard Branson who have a special Relationship with the UK Government.

Unspoken.

Not written about but OBVIOUS.

Sir Richard has saved The UK Gummn't Billions and Billions.

IS saving them more and more due to his ownership of formerly munny
losing BILLIONS of POUNDS A Year in the red - chains of banks, Health clubs,
Airlines... 500 companies in all.

Branson has turned around TWO MAJOR Railroads in the UK too. Has
negotiated special deals.

Anyway.

Watch what others You Respect are doing and follow them. Usually the
country where you have citizenship will defend you.

Glenn

sharong June 2, 2013 10:49 AM

Re: Should I pay tax?
 
Thanks! :)

bettybam June 20, 2013 05:56 AM

Re: Should I pay tax?
 
Quote:

Originally Posted by sharong (Post 32762)
I own several online business which focus in the UK market. My business is not in the UK or in the European union jurisdiction. My question is: are there any taxes I need to pay? should I add the vat to the products my users are purchasing?


Hi Sharon,
You don't have to pay Tax in the UK if you are resident of different country. You only need to pay the taxes in your own country,
Best
betty

cash4notes June 20, 2013 07:13 AM

Re: Should I pay tax?
 
Quote:

Originally Posted by sharong (Post 32762)
I own several online business which focus in the UK market. My business is not in the UK or in the European union jurisdiction. My question is: are there any taxes I need to pay? should I add the vat to the products my users are purchasing?



Check out the Bye Bye Big Brother stuff very eye opening or the
Simon Black newsletter for more up to date info.

LindaC July 12, 2013 12:40 PM

Re: Should I pay tax?
 
Hi Sharing,
LindaC here.

If you live in the United States there are two things in life you can expect to deal with:
taxes and death.

That may sound harsh, but its oh so true.

If you live in another country, I don't know if you would be required to pay
taxes.

However, it should not be too difficult to find out.

Just ask any elected official, and they should be able to help you out
or put you in touch with someone that can answer your questions.

Hope this helps.

My Best 2 U,
LindaC


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