ANOTHER REASON TO DROP THEM......
Add VAT to listings before Jan. 1 when eBay starts collecting VAT on UK imports
Hello qsamike,
Starting January 1, 2021, eBay will be legally required to begin collecting and remitting VAT for UK imports. eBay will have to charge buyers the applicable VAT amount directly and remit this sum to the relevant authorities.
Sellers trading with UK buyers and listing on the UK or any EU site will need to provide both gross prices as well as the applicable VAT rate used to calculate the gross price on all listings. If sellers do not specify gross prices and VAT rates, eBay will have to assume that the price provided is the net price, and will add VAT on top of the price displayed to buyers.
We strongly urge sellers listing on eBay.co.uk or other European eBay sites to specify the applicable VAT rates on existing listings as soon as possible. All new listings should include a VAT rate. If you don’t have an EU or UK VAT ID, then simply enter 0% beside the price when you create or edit listings.
What you need to know:
- Starting January 1, 2021, eBay will start to collect and remit VAT for UK imports on all consignments with a value of up to £135. There will no longer be a VAT exemption for small consignments up to £15.
- In cases where the seller is a non-UK business and the goods are already in the UK, eBay will collect and remit VAT for goods sold to consumers within the UK, regardless of their value.
- Sellers should begin listing the applicable VAT rates on all their existing and new listings as soon as possible.
- Starting March 1, 2021, eBay will make it mandatory to add a VAT rate on all UK and EU sites when listing items.
To see the latest information on the upcoming changes, please visit UK Seller Centre 2021 VAT Changes:
sellercentre.ebay.co.uk/global-
... at-changes
This email is not intended as tax or legal advice. We recommend that you seek independent tax or legal advice to ensure compliance with applicable laws and regulations.
Thank you for selling on eBay,
Your eBay Team
