Dear Sellers
Does anyone know that flat rate VAT is applicable on Gross sale or Net sale?
Example
Selling price (Gross ) Sale £13.99
Fba and seller fee £5.09
Vat charged by amazon £1.02 Total =£6.11
Net sale sale received in the bank £7.88
So If I decide to register vat on flat rate , Will I have to pay vat on £13.99 or £7.88?
Looking forward for any help.
Thank you
VAT is always payable on the gross sale value, including p&p, whichever scheme you choose.
It is always applicable on the Gross sale so £13.99 in this case. You will have to account for and pay the difference from what you received and what the item sold for when submitting your VAT return.
Dear Sellers
Does anyone know that flat rate VAT is applicable on Gross sale or Net sale?
Example
Selling price (Gross ) Sale £13.99
Fba and seller fee £5.09
Vat charged by amazon £1.02 Total =£6.11
Net sale sale received in the bank £7.88
So If I decide to register vat on flat rate , Will I have to pay vat on £13.99 or £7.88?
Looking forward for any help.
Thank you
Dear Sellers
Does anyone know that flat rate VAT is applicable on Gross sale or Net sale?
Example
Selling price (Gross ) Sale £13.99
Fba and seller fee £5.09
Vat charged by amazon £1.02 Total =£6.11
Net sale sale received in the bank £7.88
So If I decide to register vat on flat rate , Will I have to pay vat on £13.99 or £7.88?
Looking forward for any help.
Thank you
VAT is always payable on the gross sale value, including p&p, whichever scheme you choose.
It is always applicable on the Gross sale so £13.99 in this case. You will have to account for and pay the difference from what you received and what the item sold for when submitting your VAT return.
VAT is always payable on the gross sale value, including p&p, whichever scheme you choose.
VAT is always payable on the gross sale value, including p&p, whichever scheme you choose.
It is always applicable on the Gross sale so £13.99 in this case. You will have to account for and pay the difference from what you received and what the item sold for when submitting your VAT return.
It is always applicable on the Gross sale so £13.99 in this case. You will have to account for and pay the difference from what you received and what the item sold for when submitting your VAT return.