I have company in Finland, how to pay taxes to UK Amazon?
- I have company in Finland, how do I pay taxes to UK Amazon ?
- Does taxes get visible in Seller Central panel when I start selling ?
and like in after a month I just pay the taxes and I’m good ?
3.Do I have to register somehow for VAT to UK ?
If anyone has links where I can read about these, would be nice
I start selling only at UK since this VAT is a bit confusing.
Br. Pete
5 replies
Seller_EHYOwAkoZV3Hb
-
Register as a foreign company on https://www.gov.uk/government/publications/vat-notice-7001-should-i-be-registered-for-vat/vat-notice-7001-should-i-be-registered-for-vat#non-established-taxable-persons-netps-basic-information
-
No, Amazon is very good at not making taxation clear. But depending on what you are selling, most things have 20% VAT . This includes services such as Amazon fees. The tax must be included in the price shown to your customer.
-
see 1.
You only need to register if you have your stock in the UK. If you ship to customers directly from Finland, this is called “Distance Selling” and you don’t have to register unless your sales become quite big.
Seller_cGJ8LcVuHgr3u
I was just talking with HMRC (this is UK tax office)
They said I can sell for 70 000£ as “distance sell” before I have to register VAT to UK.
I’m using Amazon UK warehouses as FBA Seller and my company is located in Finland.
HMRC said this is also counted as “Distance Selling”, any thoughts for this ?
So, I have to register VAT to UK when I hit above 70 000 £
Registering VAT to UK means = I will register company to UK ?
br. Pete
Seller_cGJ8LcVuHgr3u
Do I need UK Bank account to succesfully register for VAT to HMRC ?
I didn’t see option to use foreign country Bank Accounts.
Anyone knows ?
Edit:
I got answer from HMRC they said.
“If you do not expect to receive any repayments, then you would be able to pay HMRC from a foreign bank account.”