NEW SELLER DO I HAVE TO REGISTER FOR VAT?
I've just signed up for FBA and I'm already being told to register for VAT. I'm sure there is a threshold, so far my sales =£0! So
I like the idea of a side hustle but it's not a side hustle if i'm a registered business!
3 replies
Seller_k2X0L9mVRT0pW
if you are buying /making goods to sell for a profit then LEGALLY you are a business - it’s not a matter of choice. You MUST register as a business.
Vat reg depends on other rules/regs
Seller_ZVAz3d5lZuGid
Stop before you go any further !!....and you need to learn a lot before you proceed. If you plan to buy new goods to sell on for profit then you ARE a business, and you need to be registered as such with HMRC as self-employed (even if you also have other paid employment) - probably sole-trader, even if this is just a 'side-hustle'. You also MUST have an Amazon BUSINESS seller account, not individual account.
There is a VAT threshold for UK residents - it is turnover of £90,000, BUT if you do NOT live in UK but wish to store your goods here in UK for FBA then you MUST be registered for VAT here.
Suggest you go and read Amazon's Seller University - under Learn on your seller homepage, and whatever you do do not buy your stock and send to Amazon until your account is fully verified - which can take a while at the moment, or you will be charged storage fees, and make sure you understand all the costs associated with FBA., and don't listen to all the 'get rich quick' videos on Youtube - can be very misleading.
JiAlex_Amazon
Hello @Seller_llwZpSjaay7wc
Based on the advice provided by peer sellers (thank you so much for your assistance) Here are some links related for you to have a look:
Category, Product, and Content Restrictions
Prepare your products for FBA shipping
Any assistance, don’t hesitate to reach out to our support channel.
Regards,
JiAlex
