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Overseas trade

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05 February 2013
Issue: 4389 / Categories: Forum & Feedback , VAT
An agent for manufacturers within the EU operates via a UK-based limited company, buying food directly from the factories in, say, Poland, and selling across the UK. He will soon be selling to businesses in the US and the Republic of Ireland

We have been approached by a new client who acts as an agent for various foods manufacturers within the EU. He operates his business via a UK-based limited company and he is also based here.

He buys food directly from the factories in for example Poland and sells it across the UK.

He is planning to start trading with business customers in the US and the Republic of Ireland (RoI).

To start he will be selling spices only. He will collect orders from the US and RoI and the spices will be shipped directly from Poland to those countries. The spices will not be transported through the UK.

In terms of money transfers the transaction will look as follows: our client will take an order from the American business for which a sales invoice will be raised. Our client will collect the payment.

Afterwards...

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