Hi All,
Firstly thanks for any help in advance.
I have started an online t-shirt company which sells worldwide but mainly in the states. The income is currently deposited into my UK bank account.
Firstly sales tax- Do I have to pay VAT on UK sales? What about sales tax in the US even though I'm UK based?
I am a British citizen from birth but the last 2 years I lived and worked in the Bahamas and now in Turks and Caicos Islands and go back to the UK once a year for 2 weeks. I am happy to limit my time in the UK still further if there are advantages.
I haven't registered an official company anywhere (but can if advantageous).... do I have to pay tax even though the sale is happening abroad and online and I am also not in the UK? For example if I could block all UK sales (if necessary), no part of the transaction would be happening in the UK except I am getting paid into my UK bank account. Do I need to pay tax then?
I want to make sure I am doing everything completely perfectly, and have spent a long time researching these questions but it seems my living situation is different to most!
Thank you again!
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