LITECOIN NEWS
ALPHA TECHNOLOGY VAT WARNING
31ST DECEMBER 2013 WALLETMASTER 1 COMMENT
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Alpha Technology, the only company thus far to be taking money for pre-orders of Scrypt ASIC Miners (we previously spoke about this company before Christmas) – have a new update regarding VAT:
https://alpha-t.net/news/development-update-30122013-2/However, after investigating there site, TDW could not find a valid VAT registration number, nor any proof that Alpha Technology are VAT registered. If this is the case, then there are two things to be made aware of:
1. They cannot ask you to pay additional VAT on an item, as they are not VAT registered. The price shown is the price you must pay.
2. They cannot unfortunately do any VAT exclusions for EU residents, who are presumably buying off Alpha Technology rather than their Indian Manufacturer – as the sale seems to be with Alpha Technology, therefore as they are not VAT registered, they could not charge VAT anyway, and therefore there is no possibility that it could be zero-rated.
3. Finally, if they are not VAT registered they will not be able to process over £75,000 in any financial year – severely limiting their pre-order and total order capacity.
We would suggest that Alpha Technology register and display that VAT details as soon as possible, in order to avoid further complications to an already risky process.
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