macktheone
-
RE: VAT | Dropship | Threshold Clarifications
Thank you for your reply. Can you please confirm if I need to register for VAT even though my taxable turnover is only £60k, which is well below the VAT threshold? My question is simple: The VAT registration page says that if I’m based in the UK and my turnover is below £90k, I don’t need to register for VAT. This is a bit confusing, so could you please clarify? The link that you shared does not provide any guidance about my situation. -
RE: VAT | Dropship | Threshold Clarifications
Dear Sirs,
I refer to my initial correspondence, specifically point number 2, where it is clearly stated that the average order value of my goods is below £8, with no individual product exceeding this amount.
Please note that, as the goods are shipped directly to the end customer following payment to the dropshipper, the importer of record for these transactions is the end customer.
Thank you for your attention to this matter. -
VAT | Dropship | Threshold Clarifications
Dear HMRC Team, I hope this message finds you well. I run a limited company in the UK with an annual turnover of approximately £60,000, primarily through dropshipping via my Shopify website. I purchase products from suppliers based in Hong Kong or China, who then ship directly to my customers in the UK. The invoices I receive from these suppliers do not include VAT. I would appreciate your clarification on the following points: 1. VAT Registration Requirement: Do I need to register for VAT if I am dropshipping from China and my annual turnover is £60,000? 2. Average Order Value: My average order value is under £8. Does this affect my VAT registration requirements? 3. Threshold for VAT Registration: I understand that the VAT registration threshold is currently £85,000. Is this correct, and does it apply to my situation? 4. Supplier's VAT Invoicing: If my suppliers do not provide a VAT invoice, do I still need to register for VAT even though my turnover is below the threshold? 5. Operating Without VAT Registration: Can I continue my business without registering for VAT given my current turnover? Thank you for your assistance with these questions.