Running an e-commerce business from abroad and selling in the UK has become a norm in today’s globalised world. However, this trade is subject to non-established taxable person(NETP) rules and requires professional due care and statutory compliance to avoid any adverse legal consequences.
HMRC defines the NETP business as below:
A non-established taxable person (NETP) is any person who isn’t normally resident in the UK, doesn’t have a UK establishment and, in the case of a company, isn’t incorporated in the UK.
In simple terms, if management decisions/central administration are executed outside the UK and human as well as technical resources engaged in making or receiving taxable supplies are located outside the UK, you are will fall under the NETP rules.
Accounting services for NETP at UGS Accountants have been designed to ensure comprehensive compliance with VAT rules and regulations. You will have access to your own dedicated account manager who can help you with day to day transactional advice as well as do up to date VAT registration, planning and filing for you.
Key benefits of using UGS Accountants VAT services for NETPs:
- Acting as your VAT agent
- VAT registration
- VAT advice and compliance
- VAT filing for your business
- Monthly or quarterly bookkeeping for VAT returns preparation
Correspondence address services (starting from £12.5 per month)