So apparentely when selling online where customers are coming from lost of different countries, some countries require VAT being charged. ie Europe.
I’m charging VAT to everybody in the EU and then sending that money to the gov via MOSS which takes care of it.
Since Brexit through UK has been pulled out of this system but still…[Read more]
I’ve been selling to the US (not intentionally, it’s just a website and some customers are naturally from the US)
I’ve been reading up and it’s become clear there is a form (W-8BEN) related to sole traders selling or gaining any income from the US. But on the form, it says not to send to the IRS, instead send to the ‘US entity’.
Given these…[Read more]
Thanks a lot. Invoice seems pretty simple way to do it, wasn’t sure if that was even allowed given the agreement between us, but i guess we set the amount so it’s fine.
Hi, Bit of a beginner question here maybe, I’m struggling to find the answer as I don’t know the name for the thing i need.
I wanted to know if there’s anything specific I need to do in order to share my earnings with another sole trader (we worked together on a project). Specifically related to reporting the earnings and having the correct…[Read more]