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Seller_oLd3MiyI8xxKc

VAT on amazon?

Hi All,

fairly new to amazon - have been trading since April 23. i am currently VAT exempt.. but i feel like being registered for VAT would be a better option as i would be able to claim it back what do you guys think ? and if i do opt in for VAT will amazon charge me and basically sort it out on my behalf or will i have to pay HMRC direct and claim back directly ?

do not know much VAT at all!!

all advice and help is appreciated

thanks

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Seller_oLd3MiyI8xxKc

VAT on amazon?

Hi All,

fairly new to amazon - have been trading since April 23. i am currently VAT exempt.. but i feel like being registered for VAT would be a better option as i would be able to claim it back what do you guys think ? and if i do opt in for VAT will amazon charge me and basically sort it out on my behalf or will i have to pay HMRC direct and claim back directly ?

do not know much VAT at all!!

all advice and help is appreciated

thanks

Configuración de la cuenta
Etiquetas:Impuestos
00
290 visitas
5 respuestas
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5 respuestas
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Seller_ZVAz3d5lZuGid
En respuesta a la entrada de Seller_oLd3MiyI8xxKc

Have a google of what is required when VAT registered. I am not, but do know that you have to do quarterly VAT returns, and would be wise to speak to your accountant as there are different schemes.

You really need to do your research before making such a big decision if you are nowhere nearing the VAT threshold of a turnover of £85k in a 12 month period.

01
user profile
Seller_o8kPGoLlggPEg
En respuesta a la entrada de Seller_oLd3MiyI8xxKc

being VAT exempt on amazon means exempt VAT on Amazon fees and VAT on item price both ???

00
user profile
Seller_ceQBFnadn3s1f
En respuesta a la entrada de Seller_oLd3MiyI8xxKc

As far as I can make out, if you are selling items which sell for less that €150 (around £135) then Amazon collects the VAT and you have to submit a Zero VAT return if you are a UK registered Company with a VAT number.

At this point I am in a similar boat - I have just been yelled at by HMRC for not submitting a VAT return. Amazon when contacted simply say they are collecting the VAT (not helpful) and our accountant says we should simply file a Zero VAT return.

So... the question is... how on Earth do we do that? Do we list the sales but somehow keep the totals at zero?

If anyone is able to help with this, please jump in.

Many thanks

00
user profile
Seller_0AG9i8qKfX9Eu
En respuesta a la entrada de Seller_oLd3MiyI8xxKc

hi there, it makes no sense to become vat registered until you really have to by law.. you will loose out by paying the vat man vat on profits...

just dont. yes you can claim things back but you will find that paying the government vat on the profits of each order will be much worse

00
Sigue esta conversación para recibir notificaciones sobre la nueva actividad
user profile
Seller_oLd3MiyI8xxKc

VAT on amazon?

Hi All,

fairly new to amazon - have been trading since April 23. i am currently VAT exempt.. but i feel like being registered for VAT would be a better option as i would be able to claim it back what do you guys think ? and if i do opt in for VAT will amazon charge me and basically sort it out on my behalf or will i have to pay HMRC direct and claim back directly ?

do not know much VAT at all!!

all advice and help is appreciated

thanks

290 visitas
5 respuestas
Configuración de la cuenta
Etiquetas:Impuestos
00
Responder
user profile
Seller_oLd3MiyI8xxKc

VAT on amazon?

Hi All,

fairly new to amazon - have been trading since April 23. i am currently VAT exempt.. but i feel like being registered for VAT would be a better option as i would be able to claim it back what do you guys think ? and if i do opt in for VAT will amazon charge me and basically sort it out on my behalf or will i have to pay HMRC direct and claim back directly ?

do not know much VAT at all!!

all advice and help is appreciated

thanks

Configuración de la cuenta
Etiquetas:Impuestos
00
290 visitas
5 respuestas
Responder
user profile

VAT on amazon?

de Seller_oLd3MiyI8xxKc

Hi All,

fairly new to amazon - have been trading since April 23. i am currently VAT exempt.. but i feel like being registered for VAT would be a better option as i would be able to claim it back what do you guys think ? and if i do opt in for VAT will amazon charge me and basically sort it out on my behalf or will i have to pay HMRC direct and claim back directly ?

do not know much VAT at all!!

all advice and help is appreciated

thanks

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00
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Seller_ZVAz3d5lZuGid
En respuesta a la entrada de Seller_oLd3MiyI8xxKc

Have a google of what is required when VAT registered. I am not, but do know that you have to do quarterly VAT returns, and would be wise to speak to your accountant as there are different schemes.

You really need to do your research before making such a big decision if you are nowhere nearing the VAT threshold of a turnover of £85k in a 12 month period.

01
user profile
Seller_o8kPGoLlggPEg
En respuesta a la entrada de Seller_oLd3MiyI8xxKc

being VAT exempt on amazon means exempt VAT on Amazon fees and VAT on item price both ???

00
user profile
Seller_ceQBFnadn3s1f
En respuesta a la entrada de Seller_oLd3MiyI8xxKc

As far as I can make out, if you are selling items which sell for less that €150 (around £135) then Amazon collects the VAT and you have to submit a Zero VAT return if you are a UK registered Company with a VAT number.

At this point I am in a similar boat - I have just been yelled at by HMRC for not submitting a VAT return. Amazon when contacted simply say they are collecting the VAT (not helpful) and our accountant says we should simply file a Zero VAT return.

So... the question is... how on Earth do we do that? Do we list the sales but somehow keep the totals at zero?

If anyone is able to help with this, please jump in.

Many thanks

00
user profile
Seller_0AG9i8qKfX9Eu
En respuesta a la entrada de Seller_oLd3MiyI8xxKc

hi there, it makes no sense to become vat registered until you really have to by law.. you will loose out by paying the vat man vat on profits...

just dont. yes you can claim things back but you will find that paying the government vat on the profits of each order will be much worse

00
Sigue esta conversación para recibir notificaciones sobre la nueva actividad
user profile
Seller_ZVAz3d5lZuGid
En respuesta a la entrada de Seller_oLd3MiyI8xxKc

Have a google of what is required when VAT registered. I am not, but do know that you have to do quarterly VAT returns, and would be wise to speak to your accountant as there are different schemes.

You really need to do your research before making such a big decision if you are nowhere nearing the VAT threshold of a turnover of £85k in a 12 month period.

01
user profile
Seller_ZVAz3d5lZuGid
En respuesta a la entrada de Seller_oLd3MiyI8xxKc

Have a google of what is required when VAT registered. I am not, but do know that you have to do quarterly VAT returns, and would be wise to speak to your accountant as there are different schemes.

You really need to do your research before making such a big decision if you are nowhere nearing the VAT threshold of a turnover of £85k in a 12 month period.

01
Responder
user profile
Seller_o8kPGoLlggPEg
En respuesta a la entrada de Seller_oLd3MiyI8xxKc

being VAT exempt on amazon means exempt VAT on Amazon fees and VAT on item price both ???

00
user profile
Seller_o8kPGoLlggPEg
En respuesta a la entrada de Seller_oLd3MiyI8xxKc

being VAT exempt on amazon means exempt VAT on Amazon fees and VAT on item price both ???

00
Responder
user profile
Seller_ceQBFnadn3s1f
En respuesta a la entrada de Seller_oLd3MiyI8xxKc

As far as I can make out, if you are selling items which sell for less that €150 (around £135) then Amazon collects the VAT and you have to submit a Zero VAT return if you are a UK registered Company with a VAT number.

At this point I am in a similar boat - I have just been yelled at by HMRC for not submitting a VAT return. Amazon when contacted simply say they are collecting the VAT (not helpful) and our accountant says we should simply file a Zero VAT return.

So... the question is... how on Earth do we do that? Do we list the sales but somehow keep the totals at zero?

If anyone is able to help with this, please jump in.

Many thanks

00
user profile
Seller_ceQBFnadn3s1f
En respuesta a la entrada de Seller_oLd3MiyI8xxKc

As far as I can make out, if you are selling items which sell for less that €150 (around £135) then Amazon collects the VAT and you have to submit a Zero VAT return if you are a UK registered Company with a VAT number.

At this point I am in a similar boat - I have just been yelled at by HMRC for not submitting a VAT return. Amazon when contacted simply say they are collecting the VAT (not helpful) and our accountant says we should simply file a Zero VAT return.

So... the question is... how on Earth do we do that? Do we list the sales but somehow keep the totals at zero?

If anyone is able to help with this, please jump in.

Many thanks

00
Responder
user profile
Seller_0AG9i8qKfX9Eu
En respuesta a la entrada de Seller_oLd3MiyI8xxKc

hi there, it makes no sense to become vat registered until you really have to by law.. you will loose out by paying the vat man vat on profits...

just dont. yes you can claim things back but you will find that paying the government vat on the profits of each order will be much worse

00
user profile
Seller_0AG9i8qKfX9Eu
En respuesta a la entrada de Seller_oLd3MiyI8xxKc

hi there, it makes no sense to become vat registered until you really have to by law.. you will loose out by paying the vat man vat on profits...

just dont. yes you can claim things back but you will find that paying the government vat on the profits of each order will be much worse

00
Responder
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