Set up for VAT invoices
Hi,
I am VAT registered and sell products on standard rate vat(20%). I would like Amazon to generate summary/invoices with VAT calculated so i can give to my accountant.
I recently registered for VAT calculation service. While i wait for that to activate. Do i need to edit every product and add “A_GEN_STANDARD” for “product tax code”?
Is there anything else i am missing that i need to set up? Am i on the right thought after VAT calculation kicks in, it will generate the VAT report i need to give to my accountant?
41 replies
Seller_7VbclcPFFRTnc
In the vat settings section you can add A GEN STANDARD as the default for all your listings
Vat calculation service though isn’t required for invoices for your accountant , amazon produce them for you whether you are signed up or not
The vat calculation services is to send your customers vat invoices
Seller_ae51e0CJoHqCX
My accountant likes the date range reports in the payments section of seller central. This will give you a break down on what Amazon have allocated to you for your VAT and is easy to reconcile. You can also go into your tax document library and and download your VAT expenses such as advertising, postage etc which should tally up with the date range reports.
Seller_P20zUkrOHDI1y
I guess i will try manually add the standard tax rate (A_GEN_STANDARD) to the “product tax code” and see if that fixes it.
Seller_L2WLWf8N814M4
Hello @Caspaa,
I hope the posts of the other sellers had answered your question.
Here you can find more information on Amazon VAT Calculation Service.
Regards.
Nickolas
Seller_P20zUkrOHDI1y
If this is not fixed, can i show my accountant the summary report without tax and let them work out the VAT charged to my customers from turnover?
I think i will give up trying to fix it.
