Discuss List:
I seem to be the only one surprised or concerned about the
taxes (17.5%) on the .uk domain names. My understanding
(and I'm sure I'll be chastised if I'm wrong) :) is that anyone
selling a .uk domain name will be taxed on the sale (the cost of
which is passed on to the buyer) and the new owner of the
name is taxed on everything he sells on his website.
(following websites provided courtesy of SAllan...thanks)
http://www.ad.ic.ac.uk/finance/manual/vat.htm
http://www.netaccountants.com/taxsummary/taxdata-vat.html
Does this mean there is a possibility that all domain names
other than .com, .net, and .org will eventually be monitored
for sales taxes by the country in which the domain name
originates...with .com, .net, and .org eventually being taxed
by the new world government that's being organized in Europe?
Can't wait to follow this thread.
Russ
