You are below the threshold for UK companies. Are you below the threshold for the EU country that you sell in (quick tip: there is no threshold for non-residents e.g. you will always be expected to pay VAT).I have UK LTD offering B2C services to EU residents and I'm below VAT threshold for now.
My company accountant told me that I won't be able to register for VAT in UK because operations don't happen in the country. They said they gonna do research on this topic to see if I ever have to register for VAT given I'm not residing in UK
How do you know its not legal?
I tried rentacompany (I don’t know if it is the same as Winglio) and they were difficult to deal with. Probably good only for very small transactions, whereas Xolo has no problems with 6 figures invoices.
Anyone knows a freelancing platform like Upwork or Freelancer that issues invoices in its own name, instead of the name of the freelancer's entity?
https://www.opeha.com/what-is-rimuut-and-how-it-works-for-freelancer/
That's pretty cool, looks like that's exactly what I'm looking for.
So essentially I'd have my company sign a contract with Rimuut, and Rimuut will sign a contract with my sole proprietorship. The company will receive invoices from Rimuut, the sole proprietorship won't be mentioned anywhere. Equally the sole proprietorship will receive payments from Rimuut, and the company won't be mentioned on that side either. Rimuut will take its cut for being an intermediary, and tax authorities in either of those 2 countries won't know about each other.
What if your company gets audited? Won't they want to see what those payments were for? It's kind of funny though, I wonder if you could avoid transfer pricing restrictions this way. After all, the transactions aren't between related entities. ;-)
I guess the biggest question would be how much effort the platform invests to detect/report this.