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Where Taxpayers and Advisers Meet

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by Halcon
Sun Jul 17, 2016 3:38 pm
Forum: International Tax
Topic: Liquidation of sale or return goods from USA
Replies: 1
Views: 933

Liquidation of sale or return goods from USA

I operate a UK company which is an importer of used vehicles. The company's primary supplier is an American LLC, which has for some years provided stock on what is effectively a 'sale or return basis'. The US company issues invoices to the UK importer based upon cost price plus its anticipated profi...

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