Account problem with starting a company
Hi good day, firstly good sales. I opened a company in Turkey and I have been selling for 1 year, but I will close the company in 3 months and I am thinking of opening a company in England. Will this account be deleted because it is registered to a Turkish company? Or will I continue with this account because I will open a company on my own? Help me.
Seller_rGtEcZnu0JTRD
You need to take some advice from a UK accountant, certainly you cannot use an existing VAT number for starters as others have said, moreover be prepared for a potential long suspension if you try to add a second company to your seller account, and you intend to sell in the same categories, we went through this process a few years ago and ended up suspended for 8 months whilst this was resolved, they also held 90k of funds for over 120 days and both our companies were UK based, yours will be more complicated.
36 replies
Seller_6sxtIS0RbZ5k7
I don’t know the answer but I can think of a couple of things that may affect the answer:
Where are you based, in the UK or Turkey?
Will the new company be selling in the same category as the old one?
Seller_7VbclcPFFRTnc
You possibly need to transfer the account
Note though, registering your company in uk rather than Turkey make have extra tax implications you may want to investigate - and still require vat registration if you choose to sell fba
Seller_Y6C4mIOPJS2eL
VAT registration is unnecessary up to 85 thousand GBP in England, but I still have it thank you
Seller_NoMNQDGnEW5Bx
Because you don’t live in England, you have to be vat registered to store stock there
Seller_Y6C4mIOPJS2eL
When a company opens in England, there will be no such problem.
Seller_NoMNQDGnEW5Bx
There will unless you have a premises in England that can hold and handle stock for you rather than just a virtual office somewhere.
Seller_Y6C4mIOPJS2eL
I’m already selling it as my vat number and fba, it won’t be a problem. I just want them not to close my account, I’m trying to connect another company
Seller_7VbclcPFFRTnc
Then make sure you check the tax rates here in uk for ltd companies
Seller_77IcbQKVGdZo0
Remember if you change your legal entity you will need a new VAT number for that legal entity. You will have to apply in the name of the company that you set up in the UK.
Seller_rGtEcZnu0JTRD
You need to take some advice from a UK accountant, certainly you cannot use an existing VAT number for starters as others have said, moreover be prepared for a potential long suspension if you try to add a second company to your seller account, and you intend to sell in the same categories, we went through this process a few years ago and ended up suspended for 8 months whilst this was resolved, they also held 90k of funds for over 120 days and both our companies were UK based, yours will be more complicated.
Seller_Y6C4mIOPJS2eL
Hi I will tell the accountant what you said thank you for your interest.
Seller_xosmNeYQPKeR1
wrong. the op will be on resident director so will need to register for vat regardless of turnover.
Seller_NoMNQDGnEW5Bx
If you’re in Turkey, why open a UK company?
Seller_NoMNQDGnEW5Bx
I’d suggest you get a UK accountant before doing any of those things
