Import/Customs Duty on Crowdfunded Products

In my earlier article about Kickstarter and VAT, I highlighted the need for anyone running a crowdfunding campaign in or from the UK to be mindful of their exposure to VAT and other taxes. Turns out buyers need to be thinking about their tax position as well. If goods are being shipped to you from […]

The Tax Man Cometh: Kickstarter and VAT

NBC are carrying a story today warning artists and entrepreneurs using Kickstarter that the IRS could be looking into the money they’ve raised through crowdfunding. Whilst Kickstarter, IndieGoGo, and others are emphatic that what you are giving are “donations”, the IRS are taking a different view… “The way these sites work makes it sound like: […]