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VAT Question.
This is my first post, so I thought I would introduce myself and ask my first question.
I'm a temporary contract design engineer from the UK, working away from home quite a bit. This means I have a bit of time at hand.
Now although I have a good income and enjoy my job I am increasingly of the attitude that I'd like to travel less and spend more time at home. I could find a crappy job close to home for crap money, or I could find a source of supplemental wonga that I could work towards replacing my main source of income.
That's where an online business come in. I could use my spare time away from home playing playstation or going out on the beer... or I could take advantage of that to create something that could achieve my intent on not working away from home in the first place. I can't think of any better business model than that of an internet based business.
Now I did look into all this a couple of years ago, but circumstances and an overwhelming influx of information put the brakes on that.
This time I want to approach it differently, focusing on two areas, goal setting and an activity that I am able to carry out and enjoy doing, which is writing. From that I can build on to take on more areas of business.
I've taken out Jenn Dize's course on ghost writing which I am finding to be incredibly useful.
So enough of the biography, this is my question.
At the moment I operate through my own limited company, and am planning on using this company as the basis for my new business. This company is already VAT registered, compulsory not voluntarily.
I would think that a bulk of any business would be overseas, so how would I go about charging VAT? Would I just charge, say for example, $10, with $1.50 of that being accounted for VAT so I'm only taking in $8.50 or do I have to get involved with the other countries sales tax procedures?
You might not like what I say - but I believe it.
Build it, make money, then build some more
Some old school smarts would help - and here's to Rob Toth for his help. Bloody good stuff, even the freebies!
If you work with local businesses in the UK and want to increase your income PM me..
If you are a Lead Generator for Offline Businesses in the UK PM Me..
http://www.effective-public-speaking.com
http://www.effective-public-speaking.com