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Transferring good from an Irish Company to UK Company

  • 26-04-2022 10:18PM
    #1
    user060916
    Registered Users, Registered Users 2 Posts: 575 ✭✭✭


    I have an Irish Ltd ecommerce company and set up a UK ecommerce Company as well in order to sell to the UK market and store and fullfil stock from England.

    What is the process of transferring the goods from the Irish Company to the UK Company? Especially from a tax/vat/customs point of view sending them over to England to the warehouse?



Comments

  • #2
    macvin
    Registered Users, Registered Users 2 Posts: 715 ✭✭✭macvin


    Use a fulfillment centre in Northern Ireland and save yourself an awful lot of hassle.


    You'll be both in the EU and in the UK.



  • #3
    Mick Tator
    Registered Users, Registered Users 2 Posts: 841 ✭✭✭Mick Tator


    You said ‘transfer’ and not ‘sell’…Thereis insufficient info to provide a straight answer. How are the companies related? Are they owned by a holding company?  ‘Transfer’ has several implications including those of corporate governance e.g. the value of the transfer as percentage of the assets of the Irish company. In certain circumstances the value of the transfer can be taken  as a loan, or paid for in shares in the recipient company. Lots of options and pitfalls – you need professional advice.



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