VAT code on Seller Fees

When accounting for monthly tax documents (invoices) can anyone tell me whether I should be using a VAT code of: Zero Rated, No VAT or VAT Exempt?

I’m a VAT registered UK seller so don’t see any VAT amount on my invoices from Amazon. I believe I should be using the Reverse Charge mechanism…?

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2 replies

Account Setup

Tags:Registration, Tax documents, Taxes

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Seller_qZO3ZCjoBXEeL

3 years ago

In reply to: Seller_M0eUt9f8SQ8gH’s post

Yes, the invoices are reverse charged for VAT.

They should say this at the bottom:

This supply is not subject to VAT. It is your liability to account for VAT under the reverse-charge procedure if required by your local VAT regulations.

So you process it as a reverse charge.

If you don’t know what you are doing, don’t guess, get an accountant. VAT is not something to ‘have a go at’.

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