VAT APPLICABLE ON GROSS SALE OR NET SALE?
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 APPLICABLE ON GROSS SALE OR NET SALE?
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
9 replies
Seller_76AUwmqvSyRIM
VAT is always payable on the gross sale value, including p&p, whichever scheme you choose.
Seller_uc0xZm2BVUBaz
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.
Seller_DfMOm9tgJKAex
vat is charged on the total amount the customer is charged, goods and postage
Roberto_Amazon
@Seller_h44DwAVaFVB1W Hello there! Just wanted to follow on your post as I see a lot of members have stepped in and provided you guidance on this topic.
Thank you specially to @Seller_fMsCVAHNu4txH for the simplified example.
