Just in the process of setting up my Thai company to export goods to my uk company for selling to uk customers.
Is there anything to stop me from making a loss on items that I sell to the UK company? So say I buy items for 1000B then sell them to the UK co at 500B ? The vat and duty at UK customs would be based on the 500B rather than 1000B.
The Thai co would show a loss, so no company tax.
I may be missing something fundamental here but surely its not illegal to run a business at a loss?
Could I perhaps even sell the items at a lost but provide admin services to the UK co so that the thai co. broke even ?
Any constructive opinions/ suggestions appreciated