Vat return
Please need a help - I have to prepare a vat return for first time - have an Account activity report but cannot understand when i report amount of sales - do i have to report and pay VAT to HMRC or Amazon is responsible for that and I have to declare the amount of sales.
Really hope that will help me
2 replies
Seller_ZVAz3d5lZuGid
To be honest, I really think that this is not the place to ask such a question, but hopefully someone who is VAT registered will come along and help. You need to get this right or you could end up in deep water. If it was me, I would be using an accountant - worth the cost as long as they are familiar with Amazon sellers.
Seller_k2X0L9mVRT0pW
if you don’t know what you are doing with reporting VAT then get an accountant to do it for you- you’ll be in deep trouble if you get it wrong.
Are you in Uk? Have you opened an MTD account with HMRC - do you know what this is?
