Stripe + UK corporate - sales reporting

[shfor]

Hello,

On stripe.com I found information that they reporting all merchant/partners to tax gov.
Could anyone explain how does sales reporting at stripe + UK LTD work?
Do they report all partners information/transactions to UK tax gov every month?

 

[negon]

They will report the UBO to the belonging tax office. It's that simple. You can find large explanations posted in the main forums if that is what you are looking for. However, the short version is that they report whatever you earn.

 

[shfor]

thanks for answer, please tell me (if you know) which other payment processors have the same policies? I want avoid these

 

[JohnLocke]

There are no payment processors that won't do that today. They may tell you that they won't do it but the reality will be different. I believe they will be forced to report you with all the s**t that is going on at the moment.

Exception of the above could be unregulated processors which you won't find easy and for sure not using Google.

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[shfor]

thanks for information. One more question, maybe do you know payment processors which do it slower than stripe?
As I read stripe reporting sales to tax authorities every month, right?

 

[JohnLocke]

You want to approach a few of the MAP's around. Try with WireCard, GlobalCollect, Instabill and even 2checkout to see what & if they are going to report you.

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