Recent content by Beyondthet

It seems that almost every Crypto is on the upside. However, how comes Monero is tanking? You would think that such a great idea for a privacy coin would take off to the moon. But no. How comes?

I'm sure something must be able to be done though. Whether its multiple company formations and EMIs under the VAT threshold to stop those letters from coming or whatever the way is, I am willing to take a chance. Otherwise I will be paying 65% in taxes anyway. In other words, I will lose anyway.

Thanks Blueweb. Can you PM me your email? I am interested in darks and advice for a company setup.

I just got done reading all 17 pages of the normal threads on mentor group and boy was it a piece of work. But I finally got an overview of how things work around here. My goals: I want to create a 100% anonymous setup for tax and VAT purposes and this is what I have understood so far. 1...

Oh, so we got to the bottom of it. Great. Honestly, I'm still very interested in this method. It's just the PayPal > Crypto exchanges which are the caveat (mind you I did find some resources that accept PayPal > Crypto for local exchanges without KYC. But premiums may vary.) Also I am still...

Are you sure? I have received it back a few times before. PayPal even emailed me after 180 days saying I can withdraw now. However: 1. These were personal PayPal accounts (not merchant) 2. I had no ID attached to the accounts (ignored their requests when they asked.) But I have heard people...

Understood. This might not work then. One rebuttal I have is that if your PayPal is requesting for ID. If you dont hand it in, they will freeze your account BUT you will be eligible to withdraw from it after 180 days. To which you could anonymously withdraw it to an EMI I assume? But I think...

I'm still new. So correct me if I'm wrong but loads of businesses use a PSP or payment gateway. It's been mentioned several times here. I use PayPal. But that's what the darks are for. To get past PayPal verification. In fact, even fake darks work well with this. People do it all the time...

In an anonymous setup, it seems like people suggest to withdraw from PSP > EMI (all with dark docs of course) and then convert the funds to crypto (with Advcash for example) or just keep the funds in fiat etc. However, is there a way to skip the EMI step and just do PSP > Crypto? To be more...

I did some research on this and its formally known as 'Disaggregation' or 'Business Splitting' in the UK. See here for a basic overview: Business splitting and VAT avoidance - The Friendly Accountants In short, it's not a viable option because the taxman has powers to prove that all these...

It's looking more and more like the only thing I can do is completely move somewhere else then and start everything from scratch. I dont see any other viable options.

Understood. This is if I decide to move to Cyprus. But what if I continued to live in the UK but incorporated in Cyprus? How will that work out in terms of taxes? I assume I will pay taxes in Cyprus and pay VAT in the UK? I have but I've not hit the UK VAT limit yet because in terms of...

Right now, I only ship from UK to UK. Goods are from China. So are you suggesting sticking to using a UK company instead of an offshore company setup? But then what about taxes which is the main concern of mine? Income tax is 45% over £150,000 and on top of that you need to pay 20% VAT over...

Also why is it so important for you that there is a big demand for eCommerce in the country you relocate to? Surely you would just keep selling to the same market and customers that you already target(the UK)? Because the plan if I were to relocate to a tax haven completely is that, I would...

PayPal and yes. Right now everything is operating UK based.