How VAT Works For Amazon FBA Sellers - UK VAT Explained + Correct Steps For Going VAT Registered!

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[youthfulrider]

That was super helpful. Thank you very very much.

[Lojadedoces-xlqu]

Thanks! Your videos are really helpful!

I have a question: When you are doing RA, you usually add products in your listing from popular brands. Do I need to change the tax code or this should not be updated since I just added the products in my listing?

[yanville]

Hi, as an individual selling on Amazon, do I need to declare that I am NOT Vat registered or will Amazon assume I am not VAT registered if I don't declare it?

[J.Barthaud]

Hi mate, so ive been VAT registered on Amazon since the start (silly I know) but my accountant always moans im not giving them the correct paperwork from amazon. I have near enough printed off every report possible and given it to them and apparently it's not correct. Any help would be hugely appreciated! TIA

[bmanbazman]

When Amazon send the disbursements to your account, do they send the VAT you collected too?

[naffiruzz]

Hi Im new to amazon and i wanted to ask as im gonna start from wholesalers, do I got VAT registered straight away ?

[HankScorpio]

I thought as an Online Marketplace Facilitator, Amazon automatically collect and remit VAT to the tax authorities (HMRC). Is this not the case?

[Ghostt.Protocol]

Hey, so if I’m vat registered but don’t do over £85k in sales do I still have to do vat returns and pay etc?

[JACKBRAZILGB]

What about when you buy your stock in cash ? From marketing place or gumtree...?

[adekunleadeyosoye]

what about condoms such as durex, do i charge 5% on them?

[Angry_Gaming]

Great video bro very helpful thanku so much for your efforts bro I got an idea bro create a discord community for everyone 😀

[mrsayin]

Apparently according to the new hmrc rules, if you started on Amazon & stopped them charging you vat on your fees then you will need to register for VAT before the 85k threshold otherwise you will be late and could face a penalty. Not many new sellers are aware of this. I have just been selling for a year and have had to register earlier as I had asked amazon to stop charging the vat on the fees a few months after starting.

[jkeooei]

Do you find you can negotiate better pricing with your suppliers when you become Vat registered? We are just over 85k now and we are just calculating all our profit changes (they are taking some hit).

[SJI-Sports-Ltd-UK]

Hey sir
I am small business seller UK Resident. Amazon and eBay, can I registered VAT or not
Does voluntary VAT register is good for amazon Bussines
Please give me your opinion

[Benn]

Thanks Hayden for the video and also for the helpful replies to comments above 👍 what happens to all of your stock when you go vat registered, I mean can you claim back the vat paid on that too and do you need to get every invoice from the dawn of time for that?

[shehzadarshad]

Hello I want to learn Amzon but not able to find a perfect course

[Harry-gkig]

Is it 85k amazon value of sales or 85k into my businesses bank account as I never actually see the full 85k due to the fees?

[mdrlwhg]

If its 85k taxable turnover wouldn't that be what's paid into your bank...because the fees are not subject to VAT

[Ryanryu]

I’ve just had a rebate from Amazon because I was paying vat on the fees when I shouldn’t have as a non VAT registered business. My thoughts were once I go VAT registered I then have VAT on the Amazon fees? Hope you can clear this up for me thanks

[CASA-Distribution]

For example if fees for a sale are currently £10 before being VAT registered
If we become VAT registered can we claim back £2 of these fees back against our VAT return
Or do the fees increase to £12