I have just submitted my VAT for Q3, However my accountant has just calculated my VAT to be over £3K
I have queried this and this was my accountants response:
There are a couple of spreadsheets on your memory stick named VAT Reclaim Aug 24 and VAT Reclaim Sep 24. This is actually VAT on sales and yes, we have posted it and included it in to the VAT Return.
The VAT treatment effective from 1 August 2024 refers to the VAT on Amazon fees. We have always reclaimed the VAT on the Amazon fees. We did the same this quarter.
If you have further questions, please do not hesitate to ask me.
This does not seem right to me...!
Can anyone clarify this to me please?