i attempted to reply, however, it seems not to have registered?!
so here goes take two....
firstly, i answered poor purely due to the fact that i have received the same information from 'non qualified' web users (free), and was hoping for a more clear cut answer than 'you're fortunate'.
as a start up business i dont want to get anything wrong -especially regards taxation.
additionally, my main question of how to go about selling said stock to my business (whilst ticking all tax boxes) remains unanswered.
whilst i am aware this sort of thing happens daily, i dont want to be the one who's caught out.
From my readings, the gov.uk website makes it repeatedly clear that all imports must be declared! -but fail to say precisely where and how?!!!
However, having done the maths (correctly, i think?!), the same total value of tax will still be due and payable through the profit, regardless of having paid any initial import VAT (minus import duty though! -should i be concerned about this?) -am i right???
To confirm, i will not receive a bill nor fine from HMRC by following your above approach? and i have not done anything wrong by receiving non declared goods for resale (ie 'gifts')?
sorry to go on, but as i've previously suggested, i want to be absolutely sure its right!