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bigduckontax
bigduckontax, Accountant
Category: Tax
Satisfied Customers: 8484
Experience:  FCCA FCMA CGMA ACIS
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If i am working as an agent for a malaysian manufacturer and

Customer Question

If i am working as an agent for a malaysian manufacturer and my first sale is where the buyer is paying the malaysian company direct...to take commission on the sale do i pay any taxes in the uk?
JA: Have you talked to a tax professional about this?
Customer: no
JA: Anything else you want the Accountant to know before I connect you?
Customer: i own a limited company - still quite new
Submitted: 16 days ago.
Category: Tax
Expert:  bigduckontax replied 16 days ago.

Hello, I am one of he experts on Just Answer and pleased to be able to help you with your question.

Are you trading through a a limited company envelope?

Customer: replied 16 days ago.
Customer: replied 16 days ago.
i prefer to type
Customer: replied 16 days ago.
what taxes would i need to pay? Corporation tax? VAT and for dividends
Expert:  bigduckontax replied 16 days ago.

The company would pay Corporation Tax (CT) on its trading. Any payments passed to you must be through PAYE channels

Customer: replied 16 days ago.
what about VAT? considering the customer wont be paying any tax to the malysian manufacturer as they are paying direct...
Customer: replied 16 days ago.
i mean wont be paying the malaysian manufacturer VAT as its not required in Malaysia
Customer: replied 16 days ago.
but if we are getting paid by the manufacturer would we have to pay VAT on the payment because we are in the UK?
Expert:  bigduckontax replied 16 days ago.

Only if your turnover in any 12 month period exceeded 85K.