03-07-2021 11:25 AM
Hi
If you're on the flat rate VAT scheme at 7.5% do I put that figure in the VAT field on eBay listings instead of 20%?
For example an item sold for £500 to a buyer in Spain. eBay paid me £416.66 which is the net amount excluding VAT. eBay have collected the VAT at 20%.
Sorry if a dumb question, but should I change the listings to 7.5% so I'm paying the correct amount?
Thanks in advance