11-10-2024 11:26 AM
I'm not VAT registered so soletrader.
On some overseas sales ebay is collecting vat on sales.
I need that to be added to my price not reduce my sale price.
For example if I sold £10 item in UK or USA I would get £10.
But from an EU country I would get something like £8 and rest would be the vat ebay collected.
I need to get £10 on those EU sales with ebay adding the vat on top of the £10, while uk sale still £10
Anybody know best way to do this?
Thanks.
11-10-2024 11:49 AM
"But from an EU country I would get something like £8 and rest would be the vat ebay collected." - The extra fees you pay on EU sales are not VAT payments but the fees eBay charge you on the VAT they have collected from the buyer, together with the currency exchange fees. The buyer pays the VAT at the level of the EU country you ship to and can vary between Malta at 18% and Hungary at 27%. Obviously the higher the VAT rate the more fees you will end up paying.
"I need to get £10 on those EU sales with ebay adding the vat on top of the £10, while uk sale still £10
Anybody know best way to do this?" - Build the estimated increase in fees for European sales into your shipping cost to EU countries.
11-10-2024 11:54 AM
I forgot to add, as a non-registered VAT sole trader, don't forget to build in the 20% VAT you will also pay on those eBay fees.