| Redisplay Messages: Compact | Brief | All | Full Show Messages: All | Without Replies| Author: | yorbrick  | | Posted: | May 7, 2021 13:54 | | Subject: | Re: BrickLink Marketplace Changes Due to Brexit | | Viewed: | 44 times | | Topic: | Administrative | |
| In Administrative, SylvainLS writes:
| | In Administrative, yorbrick writes:
| | […]
Of course it is confused further by seller status too.
EU VAT registered sellers' stores will show prices ex-VAT, so their regular
national / EU prices minus VAT.
EU VAT unregistered sellers' stores will show their regular prices, as they
don't charge VAT nationally.
US stores will also show their regular national prices, as they don't charge
VAT.
And our VAT gets added to all three.
So EU VAT registered sellers will be the best deal for UK buyers, if they have
roughly average prices after their VAT is added on. Luckily we will be shown
ex-VAT prices where appropriate, so we know to add on 20% to any foreign store.
It is a shame we cannot tick a box and add our VAT on as appropriate in searches,
so we can compare / sort UK and non-UK prices together.
|
That’s the same situation for US buyers: Sales tax will be added at checkout
to all three and it’s not shown when they shop and (UK or EU or Norway¹) VAT
registered sellers will be the best deal.
(¹ As it appears there’s a VAT system on BL for Norway.)
|
It is slightly different as if a UK buyer buys from a UK seller, there is no
extra VAT to pay but there is VAT on purchases from abroad. So when sorting by
price, any foreign stores need the VAT to be added whereas UK stores already
have it added (or it is not chargeable).
|
 |
| Author: | SylvainLS | | Posted: | May 7, 2021 11:52 | | Subject: | Re: BrickLink Marketplace Changes Due to Brexit | | Viewed: | 47 times | | Topic: | Administrative | |
| In Administrative, yorbrick writes:
| | […]
Of course it is confused further by seller status too.
EU VAT registered sellers' stores will show prices ex-VAT, so their regular
national / EU prices minus VAT.
EU VAT unregistered sellers' stores will show their regular prices, as they
don't charge VAT nationally.
US stores will also show their regular national prices, as they don't charge
VAT.
And our VAT gets added to all three.
So EU VAT registered sellers will be the best deal for UK buyers, if they have
roughly average prices after their VAT is added on. Luckily we will be shown
ex-VAT prices where appropriate, so we know to add on 20% to any foreign store.
It is a shame we cannot tick a box and add our VAT on as appropriate in searches,
so we can compare / sort UK and non-UK prices together.
|
That’s the same situation for US buyers: Sales tax will be added at checkout
to all three and it’s not shown when they shop and (UK or EU or Norway¹) VAT
registered sellers will be the best deal.
(¹ As it appears there’s a VAT system on BL for Norway.)
|
|
| Author: | SylvainLS | | Posted: | May 7, 2021 11:47 | | Subject: | Re: BrickLink Marketplace Changes Due to Brexit | | Viewed: | 59 times | | Topic: | Administrative | |
| In Administrative, cosmicray writes:
| | […]
| | And the rare UK buyers that are also UK VAT-registered businesses can deduct
the import VAT from their collected VAT.
|
How can they do that, if BL is collecting/remitting all their VAT ?
Nita Rae
|
The buyer doesn’t care whether it’s the seller who directly collected the VAT
or if it’s the marketplace, all they need to know and prove is that they did
pay VAT (and to whom), and that will be on the invoice.
At the end of the month (or trimester), they declare the deductible VAT (what
they paid) and the collected VAT (from their sales) and the difference. At the
end of the month (or year), if the difference collected minus deductible
is positive, they pay, if not, they can reclaim it or keep it for next month
(or year).
|
|
| Author: | cosmicray | | Posted: | May 7, 2021 11:11 | | Subject: | Re: BrickLink Marketplace Changes Due to Brexit | | Viewed: | 65 times | | Topic: | Administrative | |
| In Administrative, SylvainLS writes:
| | In Administrative, Bad_Girl writes:
| | […]
| | What about orders sold to business not to consumers? The VAT shouldn't be
charged for those.
|
Why should there be a difference between BTB and BTC? If you are importing something
from outside of the EU, you pay surely also VAT (at customs or at the post office).
I think you still have intra-community deliveries in mind. UK is not part of
the EU.
|
And the rare UK buyers that are also UK VAT-registered businesses can deduct
the import VAT from their collected VAT.
|
How can they do that, if BL is collecting/remitting all their VAT ?
Nita Rae
|
|
| Author: | yorbrick | | Posted: | May 7, 2021 10:42 | | Subject: | Re: BrickLink Marketplace Changes Due to Brexit | | Viewed: | 57 times | | Topic: | Administrative | |
| In Administrative, SylvainLS writes:
| | In Administrative, jenwick writes:
| | Will VAT be added to US seller's invoices as too? It is my understanding
that we need to charge this as well.
Thanks
|
Yes, it’s an obligation for any importation into UK, so for every transaction
where the seller is not in UK.
You can look at the table on https://www.bricklink.com/help.asp?helpID=2514 ,
the last row “All other country.”
The other rows are where “it’s complicated” because of North Ireland (There Shan’t
Be A Border Between Eire and North Ireland).
There’s also nice diagrams below.
|
Of course it is confused further by seller status too.
EU VAT registered sellers' stores will show prices ex-VAT, so their regular
national / EU prices minus VAT.
EU VAT unregistered sellers' stores will show their regular prices, as they
don't charge VAT nationally.
US stores will also show their regular national prices, as they don't charge
VAT.
And our VAT gets added to all three.
So EU VAT registered sellers will be the best deal for UK buyers, if they have
roughly average prices after their VAT is added on. Luckily we will be shown
ex-VAT prices where appropriate, so we know to add on 20% to any foreign store.
It is a shame we cannot tick a box and add our VAT on as appropriate in searches,
so we can compare / sort UK and non-UK prices together.
|
|
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