Hi All,
Looking at buying £20k of electronic equipment in the US and selling it in the US for £30k.
What would be the tax implications for doing this be with regards to the US sales charge (which would be 6% for the state we are looking at), VAT, the fact that we wouldn’t be importing or exporting as its staying in the same country etc.
Want to make sure that we don’t get hit by a lot of things and that there is profit in it. That said even if there is a small profit in it, would it be worth it from a VAT point of view?
As always – what’s the most tax efficient way forward? Let me know your thoughts.
Cheers,
Paul
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