Discussion in 'Dropshipping & Wholesale Hookups' started by KraftyKyle, Jan 4, 2012.
A simple search would do you well. You're asking for the most basic aspects of dropshipping.
I would appreciate it if I could have some help regarding some tax related questions. I am interested in dropshipping in the uk.
Would I need a tax ID?
Also would I have to pay sales tax and custom tax etc can anyone explain whole process in detail ?
yeah all basic aspects and if anyone could enlighten me about rules and regulations in UK about dropsipping will highly appreciate that
Don't be stupid..NONE!
All depends on where your getting the stock from, in basic terms if you are dropshipping direct your customer from out of EU, AND you make it clear they are liable to any import tax/duty than you will not pay anything, but tax on profit at end of the year. Assuming yo take over £5k
yeh this really depends on the scale of your business and structure. If your doing this in your own name, are not registered as self employed, you dont plan on declaring anything and your just doing this as a small sideline you shouldnt have to worry about being taxed on your income.
In terms of customs duties and vat, if your just talking about normal dropshipping i.e. goods from your supplier shipping direct to your customer with you physically handling nothing, if the goods are coming from outside the EU, your cusotmer will be the one paying any import duties on the goods.
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