Urgent: Our account Funds & Inventory were Hold by Amazon didn't Send the Unpaid VAT Amount
Hello,
My seller account received "confirm whether you are established in the UK for Value Added Tax (VAT) purposes" on 23th May.
Then, Amazon have concluded that my business is not established in the UK for Value Added Tax (VAT) purposes on 18th June.
After 18th June, Amazon still not send me the unpaid VAT amount, and all my funds & inventory were hold by Amazon.
I have send few emails to kyc-drtax-verification@amazon.co.uk / mdri-exec-escalations@amazon.co.uk, never receive a reply from them.
I want to know how long will amazon send the unpaid vat amount as I will pay it. Amazon never rule it's promise timeline.
Cash flow is too important to a small company.
Looking for help !!!
Seller_ZVAz3d5lZuGid
If you are not established in UK (ie. you do not live in UK but store your goods here in UK for FBA) then you MUST be VAT registered in UK.
Seller_0YHPsiul2hvvf
You mean if not VAT registered, then the unpaid VAT amount will not sedn to me ?
Seller_ZVAz3d5lZuGid
If you are not VAT registered, and you should be because you are not a UK resident, but store your goods here then you will have to pay the VAT owed, as far as I know. I am in UK so not familiar with all the rules, but have seen this scenario often on the forum.
Seller_0YHPsiul2hvvf
Thanks.
But I wonder, my company is UK registered, and sales not more than ￡85000 a year, that should no need VAT registered.
But if VAT not registered, you mean the unpaid funds cannot caculate VAT ?
Is it right ?
Seller_ZVAz3d5lZuGid
The now £90,000 VAT threshold does NOT apply to non-UK residents, and even if your company is registered in UK, if you yourself are not a UK resident then, as I said before, you must be VAT registered here if you are using UK FBA to store your goods.
Seller_0YHPsiul2hvvf
So, the reason why Amazon still not caculate unpaid VAT to me, is because of I have not registered VAT for UK company?
Seller_ZVAz3d5lZuGid
I assume so. As said, if you do not live in UK, but store your stock here for FBA then you need to be VAT registered, even if you have registered your company here in UK - that is not the issue - it is where YOU actually live.
Seller_0YHPsiul2hvvf
But since 18th June, Amazon not even hold the inventory&funds, but also they not start collect VAT on orders....
Seller_RlZVPg3d6ZUGP
I would assume that Amazon are going to pay it for you hence why they have withheld it. You will also owe VAT for as long as you have been selling/doing fba on all your sales
