What report do you use for working out VAT on sales
Hi Everyone
I am just wondering what report you provide to your accountant each month / quarter for VAT accounting
At present i am not long VAT registered and i print off the payout report every fortnight which reconciles to the payment which has arrived in the bank then add on the amazon fees stated on this report for the sales figure on which VAT is due ( all UK sales and standard rated )
Just wondering what others do ?
0 replies
Seller_7VbclcPFFRTnc
Don’t use your disbursement reports as you need to be calculating vat on turnover - not disbursements therefore you are possibly using incorrect figures
Instead use
Reports - payments - date range reports - summary
The tax box on bottom right is the vat on sales (the income on left is net)
That is presuming all your PTC codes are set correctly per asin
If you sell outside uk from uk site, the same report but set to transaction means you can weed out the non UK sales
You also need reports - tax document library for your seller fee vat invoices
Winston_Amazon
Thanks for such exquisite advice @The_Little_Shop!
