UK LTD for non-residents (£85,000 threshold explained) + Giveaway
Summary
TLDRIn this video, Idea from Brazil discusses the UK's £85,000 VAT limit for businesses, explaining the necessity of VAT registration once this threshold is reached. He clarifies the difference between VAT and corporate taxes, emphasizing the importance of VAT compliance for UK sales. Idea also touches on the benefits of having a VAT number for trust and payment processing, especially for those from emerging markets. He promotes a partnership with First Formation for company incorporation and VAT registration, and announces a giveaway for his viewers, offering a choice between two of his programs focusing on payment processing and cryptocurrency.
Takeaways
- 🇬🇧 The UK has a £85,000 VAT registration threshold for businesses, which is approximately $100,000.
- 🔄 VAT (Value Added Tax) is distinct from corporate taxes and is a mandatory requirement once the threshold is reached.
- 💷 Businesses must pay 20% VAT on sales to UK customers once they surpass the £85,000 mark.
- 📈 Having a VAT number can enhance a business's credibility, even for smaller companies operating within the UK.
- 🌐 VAT registration is crucial for international businesses, especially those from emerging markets dealing with UK customers.
- 🔗 The presenter mentions a partnership with 'First Formation' for company incorporation services in the UK.
- 💼 The video discusses the benefits of VAT for payment processors, digital banks, and when dealing with brokers and exchanges.
- 🎁 A giveaway is announced at the end of the video, with the winner receiving access to one of the presenter's programs.
- 📢 The presenter plans to release more in-depth content on UK and US incorporation, taxes, and strategies for non-residents.
- 📈 The video also hints at upcoming content about new payment applications and strategies for emerging markets.
Q & A
What is the main topic of the video?
-The main topic of the video is the UK Ltd £85,000 VAT limit and its implications for businesses, particularly for entrepreneurs from emerging markets and developing countries.
What has the speaker been focusing on for almost a year?
-The speaker has been focusing on the 'cryptoverse', which is a term often used to describe the world of cryptocurrencies and blockchain technology.
What is the significance of the £85,000 VAT limit for UK businesses?
-The £85,000 VAT limit is significant because once a business reaches this turnover milestone, it becomes mandatory to register for VAT with the UK government.
What is the difference between VAT and corporate taxes according to the video?
-VAT and corporate taxes are two different obligations with different processes. VAT is a tax on sales within the UK, while corporate taxes are related to the profits of the business.
Why is having a VAT number important for businesses selling within the UK?
-Having a VAT number is important because it shows that the business turnover is beyond £85,000, which can increase trust with clients and is often a requirement for payment processors, digital banks, and other financial services.
What are the benefits of having a VAT number for businesses from emerging markets?
-For businesses from emerging markets, having a VAT number can help overcome restrictions and limitations they often face, making it easier to conduct business internationally and increasing credibility.
What is the giveaway mentioned in the video, and how can viewers participate?
-The giveaway offers a choice between two programs: 'Payment Processing Secrets' or 'Crypto with Accelerator Starter'. Viewers can participate by liking the video, subscribing to the channel, and commenting on the video with their opinion on the biggest and most profitable opportunity for the next year between crypto and e-commerce.
What is the 'Payment Processing Secrets' program, and how much does it cost?
-The 'Payment Processing Secrets' program is an in-depth guide on everything related to UK and US incorporation and taxes, including ways to legally lower UK tax as a non-resident. The program usually costs $4.97 but is offered at a discounted price of $300 for the first 10 applicants who use the provided link.
What is the 'Crypto with Accelerator Starter' program, and what does it include?
-The 'Crypto with Accelerator Starter' program is an extensive guide on cryptocurrency, including how to find profitable investments and strategies. It also includes access to a Telegram group for additional support and updates.
What is the speaker's stance on the importance of having a VAT number for businesses?
-The speaker emphasizes the importance of having a VAT number, stating that it is a 'must-have' for businesses selling within the UK, regardless of their size, as it helps in gaining client trust and is often required by financial institutions.
Outlines
🌐 UK VAT Registration and Entrepreneurship
The speaker, Idea, from Brazil, returns to discuss the UK's £85,000 VAT limit for businesses. He explains the importance of VAT registration once a business reaches this threshold, emphasizing that it's a mandatory step to comply with UK regulations. Idea clarifies misconceptions about the £25,000 VAT limit, noting that VAT is not the same as corporate taxes. He stresses the necessity of VAT for businesses selling within the UK, regardless of size, to gain client trust and meet payment processor requirements. Idea also mentions an upcoming video with exclusive insights on UK incorporation and tax strategies.
📈 Business Incorporation and VAT Services
Idea introduces a partnership with First Formation, a UK company specializing in business incorporation, offering exclusive packages for viewers. He outlines the benefits of VAT registration, including a professional image and compliance with UK regulations, which are crucial for businesses planning to incorporate. Idea also announces a giveaway for his programs, 'Payment Processing Secrets' and 'Crypto Wealth Accelerator Starter,' encouraging viewers to participate by commenting on the video. He concludes by teasing upcoming content on payment channels and emerging markets.
Mindmap
Keywords
💡UK LTD
💡85,000 Pound Limit
💡VAT (Value Added Tax)
💡Crypto and Blockchain
💡Emerging Markets
💡Incorporation
💡Payment Processors
💡Digital Banks
💡Giveaway
💡Payment Processing Secrets
💡Cryptoverse
Highlights
Introduction of the video topic: UK LTD £85,000 VAT limit
The speaker has been focusing on crypto and blockchain for almost a year
Mention of a giveaway at the end of the video
The channel's focus on helping entrepreneurs from emerging markets with incorporation and business processing
Explanation of the £85,000 VAT limit and its implications for businesses
Clarification on the difference between VAT and corporate taxes
The necessity of VAT registration when a business reaches £85,000 turnover
The obligation to pay 20% VAT on sales to UK citizens once the threshold is reached
Advantages of having a VAT number for businesses selling within the UK
Importance of VAT for gaining client trust and for payment processors
Mention of a partnership with First Formation for company incorporation services
Promotion of a special offer for the professional package including VAT registration
Announcement of an upcoming video with important updates on UK incorporation
Introduction of a program called 'Payment Processing Secrets' with a limited-time offer
Details of the giveaway: participants can win one of two programs by commenting on the video
Encouragement for viewers to engage with the content and participate in the giveaway
Teaser for the next video, which will cover payments, emerging markets, and new applications
Transcripts
hey guys it's your buddy idea speaking
from brazil and um back again and
today's video is about uh uk ltd 85 000
pound limit this is the real deal this
is
[Music]
before moving further with this video
you might be asking yourself where i
have been it's been like almost a year
so uh i have been lost in the
cryptoverse like my focus right now is
almost 90 90 crypto and blockchain
recently and by the way if there's some
parsers around and you follow me on
instagram and twitter i think you you
know about this
and uh and by the way if there's some
parseros show up show up in the comments
let me know that you are around and uh
one more thing is that uh there will be
a giveaway uh at the end of uh this
video so stick with me and let's let's
move forward
so uh if you are by the way if you are
new to the channel like this channel is
about spamming processing of your
incorporation and anything that helps
entrepreneurs especially if you are from
emerging markets and developing
countries like myself
i do like whatever code i crack i share
it with the community so we can drive
globally knowing that we have a lot of
limitations and stuff so so like if this
is something that interests you don't
forget to subscribe and tick that bell
notification and let's move forward
the 85 british pound limit uh explained
let's let's go through it so i i'm
getting a lot of questions like um
there's a lot of confusion about this 25
000 british pound uh some people believe
that like you don't pay any tax until
you reach that milestone some others
think that if you don't reach that
milestone you don't have any duty toward
uk government and
this kind of stuff so let's go let's go
with this thing like step by step so the
the very first thing is that like um
this 85 it means like whenever your
business reach a milestone of 85 000
british pound that's around 100 000
dollars you need to do the vat
registration it's an obligation that you
have toward the uk government so it's
it's mandatory
and there is another thing is that there
is a lot of confusion between taxes and
that
there are two very different obligations
they have both very different processes
that they go through so the vat is not
the taxes the corporate taxes tax is
another story
and um if you reach the 85 000 turn
number you must get uh
to be compliant with the uk regulation
so this is like something that you
absolutely have to do
and
the other thing is that as you reach
this milestone you need to start paying
the 20
percent vat to the uk government and
this is going to be mainly true like the
sales that you've made within the uk to
uk citizen then and residents so you're
going to collect the vat and you give it
to to the government and actually
actually
like they they are saying that like
for the like uh
the the the government say that you can
eventually pay it even before getting to
that milestone maybe there are some
people doing it but you can you can have
the vat before getting into that
milestone so
let's check right now if you are making
below the 85 000
uh uh so if you make below that the vat
is not necessary
but very very big but
but having the vat is vital if you sell
within the uk
no matter how small your business is
uh this is like a big big must have
because uh it's like that is you you
show that your your company is turnover
is beyond 85
000 british pound so you gain more trust
from the clients you might lose a lot of
clients just for not having like that
number because they won't take you
seriously and
and you you lose their business so
having the vat is also a good plus with
either payment process so especially for
people coming from emerging market like
us we have lots of restrictions and
stuff like the more things you put by
your site to help you in your journey
the better and with this like it's a
plus with payment processors with the
digital banks with the you know with the
the
if you you you are dealing with the
brokers and with the exchanges and stuff
it's always a plus exchanges for crypto
i think it's fine brokers yes uh the vat
might be might be mandatory with some so
this is something definitely worth
having and speaking about the fat number
especially if like you didn't
incorporate yet you are planning to
incorporate you can check my partner's
first formation like they are the
leaders in in the industry in the uk in
corporation and we have an exclusive
partnership so you can get this package
the professional it gets all that you
need at uh
at 30 30
let's say 40 40 40 british pound instead
of or 45 british pound plus fat see the
thing so um
and you get the vat you get you get uh
uh
a business address i think
yeah registered office you get yeah a
service address
so it's got everything that you need
they have another one that is more
advanced it's also like we have a 20
if you use
my my link you will find the links below
this this video actually
and you get like way way way way more
stuff and the vat is in here also but
like if you are just starting you know
go with this one this is the way this is
like the solution this one is like if
you want extra stuff
uh but like
no one is necessity this one got all the
necessities and by the way
i'm going to explain to you why in an
upcoming video i have like a very
important updates for for for the uk
incorporation and stuff and i will
explain to you like why this is
the best solution to grow
so so guys speaking about the taxes and
uk incorporation and this kind of stuff
you know i there is uh
on my program payment process in secret
there is a massive massive upgrade uh
updates about everything related to the
uk and the us incorporation and taxes
like very in-depth because like like
it's
some some hidden gems that you won't
find anywhere actually like how to lower
the uk tax legally as a non-resident
just this one is worth the whole program
and like what have been if you don't do
any feeling or eventually about the u.s
like uh like uh how to
all the things that you need about your
if either if you are incorporating
incorporated within the uk or within the
us we go very in-depth with this kind of
stuff the program cost is like 4.97 it's
by application but like i'm doing
something crazy i'm dropping the price
to 300 for the first
10 to join so you just click on the link
below and you go and you apply and my
team will be in touch with you for for
the next step so the giveaway
very simple to participate like the
video subscribe comment and tell us on
the comment what do you think is the
biggest and the most profitable
opportunity next year 2022 crypto or
dropshipping e-commerce let's say let's
say e-com
let's let's keep it white because crypto
we have the metaverse we have an nfg is
like it's a wide wide wide os so let's
uh so i will pick one winner that i will
announce on instagram i did math you can
follow me on instagram i will share it
on my story and if you win you have the
choice between my two programs
either payment processing secrets or
crypto with
accelerator starter and i know guys they
are waiting for this one sp fairly
especially the crypto guys because
you've been asking for a giveaway for
this program so so let's do it so if you
win you choose which one works best for
you if you're not familiar with
cryptoworld accelerator you'll find the
link below this video there's the link
for both programs and you you're going
to see like what it is about
like it's it's a heavy heavy heavy
program on everything cryptocurrency you
become ninja like how to find the 10x
jams how to
and there's also a telegram group with
it by the way if you win and you already
have crypto west accelerator starter
you're gonna get an upgrade for free for
the advanced so this is the deal pause
this video comment and let's let's do it
so that's it for this video and see you
in the next one and there will be on the
next one because like guys i'm dropping
some some some heavy content on this
payments channel emerging markets on new
applications like strike you want the
drop shipping got help go get you a
slice cause i'd be cracking new clothes
every day for my trip and when it comes
to getting money know that none of us is
playing around like making the making
and kicking and breaking up taking the
payment and breaking it down every day
we chasing paper making you money is
what it's about time to shove it in the
face of every hater who had doubts yeah
[Music]
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