Accountant saying im owed a VAT refund?
Hi guys,
With the new VAT on fees rule, my accountant is saying that i am overall owed a VAT refund for the qaurter, instead of the usual other way round where I owe HMRC money. I was just wondering if other people are seeing a similar thing?
Please confirm if you guys are seeing that too.
4 replies
Seller_QuM1AZgzfU9x4
Businesses will vary, but yes the VAT on fees can now be added to your "this is what VAT i paid column".
Seller_mS10UjVYuuGor
Did you buy a lot of stock last quarter to build up for the Black Friday/Christmas sales?
The only real change was that VAT is now added to referral and FBA fees as advertising has always been VAT billed in the UK. As referral and FBA delivery fees are charged only when you make a sale its unlikely that the VAT on those alone would pucs anyone into VAT refund territory.
Seller_5VsVlvdiDnITx
How have you calculated VAT for the quarter when Amazon still haven't released all of the VAT documents for this quarter?
Accountant saying im owed a VAT refund?
Hi guys,
With the new VAT on fees rule, my accountant is saying that i am overall owed a VAT refund for the qaurter, instead of the usual other way round where I owe HMRC money. I was just wondering if other people are seeing a similar thing?
Please confirm if you guys are seeing that too.
Accountant saying im owed a VAT refund?
Hi guys,
With the new VAT on fees rule, my accountant is saying that i am overall owed a VAT refund for the qaurter, instead of the usual other way round where I owe HMRC money. I was just wondering if other people are seeing a similar thing?
Please confirm if you guys are seeing that too.
4 replies
4 replies
Seller_QuM1AZgzfU9x4
Businesses will vary, but yes the VAT on fees can now be added to your "this is what VAT i paid column".
Seller_mS10UjVYuuGor
Did you buy a lot of stock last quarter to build up for the Black Friday/Christmas sales?
The only real change was that VAT is now added to referral and FBA fees as advertising has always been VAT billed in the UK. As referral and FBA delivery fees are charged only when you make a sale its unlikely that the VAT on those alone would pucs anyone into VAT refund territory.
Seller_5VsVlvdiDnITx
How have you calculated VAT for the quarter when Amazon still haven't released all of the VAT documents for this quarter?
Seller_QuM1AZgzfU9x4
Businesses will vary, but yes the VAT on fees can now be added to your "this is what VAT i paid column".
Seller_QuM1AZgzfU9x4
Businesses will vary, but yes the VAT on fees can now be added to your "this is what VAT i paid column".
Seller_mS10UjVYuuGor
Did you buy a lot of stock last quarter to build up for the Black Friday/Christmas sales?
The only real change was that VAT is now added to referral and FBA fees as advertising has always been VAT billed in the UK. As referral and FBA delivery fees are charged only when you make a sale its unlikely that the VAT on those alone would pucs anyone into VAT refund territory.
Seller_mS10UjVYuuGor
Did you buy a lot of stock last quarter to build up for the Black Friday/Christmas sales?
The only real change was that VAT is now added to referral and FBA fees as advertising has always been VAT billed in the UK. As referral and FBA delivery fees are charged only when you make a sale its unlikely that the VAT on those alone would pucs anyone into VAT refund territory.
Seller_5VsVlvdiDnITx
How have you calculated VAT for the quarter when Amazon still haven't released all of the VAT documents for this quarter?
Seller_5VsVlvdiDnITx
How have you calculated VAT for the quarter when Amazon still haven't released all of the VAT documents for this quarter?
