Any one received this ad?
http://sellercentre.ebay.co.uk/busin...argetgroup=b2c
does it mean we have to pay extra like 20% of total amount ? Below is the email I received
Changes at a glance
✓ From 1 Aug 2017, eBay sellers living in the UK will contract with eBay (UK) Limited instead of eBay Europe S.à r.l.
✓ The change affects a number of our agreements, including our User Agreement, User Privacy Notice and Billing Agreements.
✓ We currently charge UK VAT of 20% on seller fees for non-business sellers. This won’t change and you won’t see any changes in your overall fees.
✓ Beginning 1 Aug 2017 we’ll start adding UK VAT at the standard rate of 20% on fees billed to business sellers.
✓ Our net fees aren’t affected by this change. We’re not changing the services we provide, and you won’t need to update any of your listings.
✓ For example, if you’re a business seller billed on the 15th of the month, your invoice dated 15 Aug 2017 will show VAT on all your fees. However, you’ll also see a credit for any VAT applied to your fees between 16 July and 31 July.
Are you registered for VAT with HMRC?
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You'll begin paying 20% UK VAT to eBay (UK) Limited on taxable fees. You can claim an input tax credit if you’re entitled to deduct VAT. If so, it should not represent an additional cost to you. You should consult your tax adviser to find out how VAT applies to your eBay business.
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You'll begin paying 20% UK VAT to eBay (UK) Limited on taxable fees and won’t be able to reclaim VAT paid unless you register for VAT with HMRC. If you decide to register for VAT with HMRC, you’ll be able to deduct this VAT when you complete your VAT return. You should consult your tax adviser to find out how VAT applies to your eBay business.