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.