Help on warning from amazon Individual Seller to select buisness
hello..!
Can someone help me out in this..
Today morning a recieved an email from amazon saying i choosed individual entity because i didn’t want to register any buisness to get involved in vat filing and all stuff,now amazon giving a warning notification in my display to change the entity for the verification of my account,its happening right after submitting bank statement for account verification,even i created my account 5 months ago,please someone come up with the solution
Seller_k2X0L9mVRT0pW
the Individual account is only for selling off second hand goods. Have you listed goods as New?
Seller_76AUwmqvSyRIM
OneStepSTORE - you sound like a business to me.
Seller_MT8rt0A2OpbCx
Seller_vDA16sXHVT3he
Register as a business with HMRC. You are buying to sell for a profit, so you are a business. You don't have to register for VAT until you reach the £90,000 threshold, unless you live or conduct the business from outside the U.K. (not just registered in the U.K. at a virtual office), in which case you need to be VAT registered straight away.
Once that's done, change your account to professional, go through verification and start selling legally, and, more importantly, within Amazon's terms.
Don't believe anything you read outside Amazon Seller University, or HMRC.
Seller_MT8rt0A2OpbCx
Seller_ZVAz3d5lZuGid
If the OP is a UK resident, they may be able to get a free short consultation with an accountant before any further commitments. It would be a good idea to delve into Seller university first and HMRC, so the advice makes some sense and the time isn't spent explaining a few terms.
@Seller_vDA16sXHVT3he Try to find an accountant with some Amazon experience.
