UK Ltd for payment processing

[koohl]

No I have a foreign Director from Poland!

 

[Dandyline]

How do‌ you solve the VAT part? UK ltd pays it?

 

[easymakeover]

Hi, is this still active in 2024?

 

[koohl]

It's pass through to the trading company. Most often the company forget about VAT‍ and no one asked question.
All well running.

 

[Dandyline]

I guess you‍ have sufficient agreements in place between the companies?

 

[koohl]

All done, running on the 8 year no questions ever asked by anyone.

 

[Dandyline]

I guess you are not doing any accounting or anything for the‍ Ltd.

 

[JohnLocke]

I'm impressed, do you have own staff to handle the administrative part‍ and is it a agent's address you're using or did you rent a office?

 

[kilor]

congrats, do you mind I PM you for some more private questions‍ ?

 

[dany]

will you help me do the same?

 

[kilor]

you must have a good team and lots of knowledge

 

[JohnLocke]

Most often you just want to spend time to plan, try and repeat, that can‌ bring you a long way when dealing with payment processors.

 

[wanglong12391]

can you advise me on what kind of agreement needs to be written up between‌ the UK and offshore company for payment processing agreement? what are the things it needs‍ to say in order to ensure its legal?

 

[clemens]

UK company must be owned by the company receiving the payments, so you can move‌ the money freely inside the structure. You need to have a tax expert / accountant‍ to help you with the drafting of the agreement so you don't get troubles with⁠ the local tax authorities in case of an audit.

 

[cuno]

Can you‌ send me a DM with some more information? don't want to buy anything just some‍ info?