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eBay and vat registered
 

I was wondering how anyone going vat registered On eBay
Could compete with non vat registered sells as surely this would make the
Items more expensive and loss of sales very fast?

Re: eBay and vat registered
 

Anyone help with this question?

Re: eBay and vat registered
 

What rate Vat are you paying stevebills

Re: eBay and vat registered
 

I'm 99.999% sure stevebills isn't vat registered.

Re: eBay and vat registered
 

Think he is considering the merits of becoming Vat registered...

:pop2:

Re: eBay and vat registered
 

I'm not vat registered and I never would go vat registered on eBay as it would put the prices up

Re: eBay and vat registered
 

Everyone pays 20 percent in the uk so that's a silly question

Re: eBay and vat registered
 

You would be right

Re: eBay and vat registered
 

I can only see the downside of vat registered like higher prices and more book keeping bills and no positives

Re: eBay and vat registered
 

Interesting as I pay 12%

Re: eBay and vat registered
 

Maybe you calculate better than the OP?

:spy:

Re: eBay and vat registered
 

:thumb:...


Maybe the OP should have a look at HMRC website at other options they have to reduce VAT liability ;)

Re: eBay and vat registered
 

Yup! There's fix rate which is great, until you hit the threshold whereby you have to pay the full 20%.

Re: eBay and vat registered
 

Threshold is £250,000

Re: eBay and vat registered
 

I haven't hit it. Bear in mind this is 'turnover'. Any scaled up business would hit that in no time.

Re: eBay and vat registered
 

It's says 20% unless u sell child seats then it's 5%

Re: eBay and vat registered
 

You're talking rubbish - it's 12% for me so you can carry on paying 20% if you wish ;)

Re: eBay and vat registered
 

I thought the limit for flat rate is 150k?

Re: eBay and vat registered
 

£250,000 for me :)

Re: eBay and vat registered
 

Mind sharing?:help:

Re: eBay and vat registered
 

So you pay 12% when you buy off a supplier and sell at 20% so that means you make a profit on the vat and it's all new to me all my suppliers charge 20%

Re: eBay and vat registered
 

I think you are misunderstanding how VAT works there quite a bit...

RE the flat rate
VAT accounting scheme for flat rate is
Threshold to join scheme - £150,000 or less
Threshold to leave scheme - More than £230,000

You can also get VAT retail schemes as well as a few others.

Its worth talking to an accountant about these sorts of things. The forum really isn't going to have the best advise.

You can also do your own research HERE