How to show Amazon collected VAT on the VAT return?
It is time to submit the UK VAT return. However, from the 1st of January Amazon has been collecting 20% automatically and submitted it to the HMRC. How to show this new system on the VAT return?
As I only sell products on amazon, I would say that VAT due (box1) is 0. But I would like to reclaim my import VAT. However, I fear it might seem suspicious when I start submitting 0 VAT and reclaiming thousands of pounds in import tax.
PS. I am a tiny seller, I cannot afford an accountant. So I cannot ask them.
17 replies
Seller_7VbclcPFFRTnc
Amazon haven’t been sending it to hmrc
Where are you based ?
Seller_a25S7mRrCD5cT
According to this HMRC link: https://www.gov.uk/guidance/vat-and-overseas-goods-sold-to-customers-in-the-uk-using-online-marketplaces
I assume you are selling FBA, so already imported the goods.
Goods that are in the UK at the point of sale
Importing goods to sell through online marketplaces
The overseas seller will remain liable for any import VAT and Customs Duty when the goods are first imported into the UK.
When the goods are sold to the customer, the overseas seller will be considered to have made a zero-rated supply of the goods to the online marketplace. The overseas supplier does not have to issue invoices to the online marketplace for supplies that are considered to be zero-rated.
The last section for me means that we should still report the Sales value (the revenue), but the VAT should be much lower than usual, because you are considered to have zero-rated supply. You can easily see all that information from the VAT Transaction Report in Amazon - Reports
Seller_R9a3No94uBYu4
Hey guys. so anyone can confirm or not that in Box 1, the value should be 0?
Seller_Hh55G41FQdHtR
I think that 0 VAT should be filled. But it gives me an error: The amount in Box 4 matches the amount in Box 3. Please check.
Total VAT due (the sum of boxes 1 and 2) (Box 3):
GBP0.00
VAT reclaimed in the period on purchases and other inputs (including acquisitions in Northern Ireland from EU member states ) (Box 4)
GBP0.00
Seller_2zM8XMTKSxNlv
Hello. I am not from the UK and Amazon UK has been collecting VAT on my behalf as well. How am I going to declare this to HMRC?