Hi Kuba - sure - Excise Notice 196 offers this description of a revenue trader; Revenue trader In the context of this notice, anyone carrying on a trade or business concerned with the buying, selling, importation, exportation, dealing in, or handling of excise goods, and the financing or facilitation of any such transactions or activities. Find a full definition in CEMA section 1.
Say I own 3 casks and they get bottled and delivered. I choose to sell the casks at auction would that make me a revenue trader or still a private individual??
@@jamieepratley6182 I would seek specialist advice about this but the general consensus is that by buying duty suspended casks, bottling them and selling them (with the intent to do this from the outset) would make you a revenue trader: Revenue trader: In the context of this notice, anyone carrying on a trade or business concerned with the buying, selling, importation, exportation, dealing in, or handling of excise goods, and the financing or facilitation of any such transactions or activities. Find a full definition in CEMA section 1. From Excuse Notice 196.
Great video, thanks for it! Could you tell what requirements company need to meet to become a revenue trader (and own more than 5 casks)? Regards
Hi Kuba - sure - Excise Notice 196 offers this description of a revenue trader;
Revenue trader In the context of this notice, anyone carrying on a trade or business concerned with the buying, selling, importation, exportation, dealing in, or handling of excise goods, and the financing or facilitation of any such transactions or activities. Find a full definition in CEMA section 1.
Say I own 3 casks and they get bottled and delivered. I choose to sell the casks at auction would that make me a revenue trader or still a private individual??
Hey. Sure. So - are you talking about buying the cask, bottling, and then selling the bottles at auction?
@@MarkLittler Yes
@@jamieepratley6182 I would seek specialist advice about this but the general consensus is that by buying duty suspended casks, bottling them and selling them (with the intent to do this from the outset) would make you a revenue trader: Revenue trader: In the context of this notice, anyone carrying on a trade or business concerned with the buying, selling, importation, exportation, dealing in, or handling of excise goods, and the financing or facilitation of any such transactions or activities. Find a full definition in CEMA section 1. From Excuse Notice 196.
You would also likely need to get on the AWRS scheme too.
hi,interesting video... any tips on writing business plan thats need to be submitted for wowgr ?or its better to hire some professional ?