UK LTD for non-residents (£85,000 threshold explained) + Giveaway

Summary

In 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

00:00

🌐 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.

05:01

📈 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.

Keywords

💡UK LTD

UK LTD refers to a private limited company registered in the United Kingdom. In the video, the speaker discusses the financial obligations and regulations that come into play for such companies, particularly when they reach a certain turnover threshold. It is central to the video's theme of navigating the business landscape in the UK, especially for entrepreneurs from emerging markets.

💡85,000 Pound Limit

The 85,000 Pound Limit is a financial threshold mentioned in the video that triggers the need for VAT (Value Added Tax) registration for UK LTD companies. Once a company's turnover exceeds this amount, it becomes mandatory to register for VAT to comply with UK government regulations. This limit is a critical point in the video's discussion on tax obligations for businesses operating in the UK.

💡VAT (Value Added Tax)

VAT is a type of consumption tax that is applied to the sale of goods and services. In the context of the video, VAT becomes a requirement for UK LTD companies once they surpass the 85,000 Pound Limit. The speaker emphasizes the importance of VAT registration for businesses, as it not only complies with legal requirements but also enhances credibility with clients and financial institutions.

💡Crypto and Blockchain

The speaker mentions that their current focus is on crypto and blockchain, which are technologies related to digital currencies and decentralized ledger systems, respectively. This keyword is relevant as it sets the stage for the speaker's expertise and the potential intersection of these technologies with the financial and regulatory topics discussed in the video.

💡Emerging Markets

Emerging markets are countries with social, political, and economic development that are not yet considered fully mature but show potential for growth. The video's target audience includes entrepreneurs from emerging markets, and the speaker provides advice and insights tailored to the unique challenges and opportunities faced by businesses in these regions.

💡Incorporation

Incorporation refers to the process of forming a company or corporation. In the video, the speaker discusses the incorporation of UK LTD companies and the various services and packages available to assist with this process, emphasizing the importance of proper setup for legal and financial compliance.

💡Payment Processors

Payment processors are services that facilitate the transfer of funds between a buyer and a seller. The video mentions the importance of having a VAT number for dealing with payment processors, especially for businesses that operate internationally or within the UK, as it can affect the ease of doing business and the perception of legitimacy.

💡Digital Banks

Digital banks, also known as online or virtual banks, are financial institutions that operate primarily through the internet rather than physical branches. The video implies that having a VAT number can be beneficial when dealing with digital banks, which are becoming increasingly popular among businesses, particularly those in the digital and tech sectors.

💡Giveaway

A giveaway is a promotional event where items or services are offered for free, often to increase engagement or customer loyalty. The speaker announces a giveaway at the end of the video, encouraging viewers to participate by commenting and subscribing, which serves to increase viewer interaction and interest in the content.

💡Payment Processing Secrets

Payment Processing Secrets is one of the programs mentioned by the speaker, which presumably offers insights and strategies for managing payments effectively, particularly for businesses in emerging markets. It is offered as a potential prize in the video's giveaway, indicating its relevance to the audience's interests.

💡Cryptoverse

The term 'cryptoverse' is a portmanteau of 'crypto' and 'universe,' referring to the world of cryptocurrencies. The speaker mentions being 'lost in the cryptoverse,' suggesting a deep involvement and exploration of the cryptocurrency space, which is a significant theme in the video and relevant to the speaker's area of focus.

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]