Purely a hypothetical question:
Imagine I was to go to a shop in Taiwan and buy something.
Let’s say it costs $100,000.
I find out I can sell it in the UK via eBay for $150,000.
The buyer wants my assurance that he isn’t going to be stiffed for 20% VAT when it arrives at his house in Blighty. Can I give it? If so, are there any boxes that need ticking I should know about (marking it as a gift, falsely declaring its value etc)?
Payment could go directly into my UK bank account in pounds sterling, but preferably would be made into my TW bank account via bank transfer.
Remember, it’s hypothetical. If any part of the process is illegal I want to know so I don’t get into strife if I ever find such a magic product.
My thoughts are that maybe the Yook government may not take kindly to this kind of practice. I do remember seeing a lot of electronics goods marked as “from Hong Kong” on eBay UK. If I am paying tax and it’s a fully legal sale in TW, I am the legal owner and I have paid tax on it, then I choose to sell it overseas, is it illegal?