Redisplay Messages: Compact | Brief | All | Full Show Messages: All | Without Replies| Author: | cosmicray  | | Posted: | May 7, 2021 16:35 | | Subject: | Re: BrickLink Marketplace Changes Due to Brexit | | Viewed: | 54 times | | Topic: | Administrative | |
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| In Administrative, SylvainLS writes:
| | 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).
|
Please slow down on your rate of posting, and read carefully what I wrote.
The buyer (in this transaction) will have a tough time offsetting the VAT, if
they (the buyer, but when they become the reseller) collect no VAT, because their
sales on BL has the VAT being managed by BL (and not by the reseller). This of
course doesn't apply if they are buying on BL to sell elsewhere, unless the
marketplace they are selling on also does manages the VAT for them.
Yes, I understand about them claiming the VAT they paid, but the issue here is
where does the VAT they (theoretically) collect in order to offset it ?
Nita Rae
|
 |
| Author: | SylvainLS | | Posted: | May 7, 2021 15:43 | | Subject: | Re: BrickLink Marketplace Changes Due to Brexit | | Viewed: | 69 times | | Topic: | Administrative | |
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| In Administrative, yorbrick writes:
| | | |
Indeed. I was looking at it as “which foreigner is better?” 
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There is no answer to that!
|
Oops, just add “ sell” after “gn” 
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| Author: | yorbrick | | Posted: | May 7, 2021 15:16 | | Subject: | Re: BrickLink Marketplace Changes Due to Brexit | | Viewed: | 57 times | | Topic: | Administrative | |
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| | |
Indeed. I was looking at it as “which foreigner is better?”
|
There is no answer to that!
|
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| Author: | Admin_Russell | | Posted: | May 7, 2021 14:49 | | Subject: | Re: Changes Due to Brexit - UPDATE | | Viewed: | 155 times | | Topic: | Administrative | |
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|
BrickLink
ID CardAdmin_Russell
|
Location:  USA, California |
| Member Since |
Contact |
Type |
Status |
| May 9, 2017 |
 |
Admin |
|
|
| BrickLink Administrator |
|
| In Administrative, Admin_Russell writes:
| | Dear BrickLink members,
Starting Tuesday May 11, BrickLink will enable VAT collection for goods imported
into the UK and Northern Ireland to comply with the new Brexit marketplace rules.
|
UPDATE May 7, 14:49 EDT (BrickLink Time)
Due to some precautions we have decided to take, implementation of the Brexit
system changes will be delayed by one week. Our new deployment target is Tuesday,
May 18.
To make this change, we will move the regularly scheduled monthly maintenance
back 12 hours. The site will be down from 1:00 PM to 2:30 PM EDT. We will run
a warning notice several days before, and post a reminder or two in the Forum.
Thanks for your patience.
|
|
| Author: | SylvainLS | | Posted: | May 7, 2021 14:34 | | Subject: | Re: BrickLink Marketplace Changes Due to Brexit | | Viewed: | 57 times | | Topic: | Administrative | |
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| In Administrative, yorbrick writes:
| | […]
| | 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).
|
Indeed. I was looking at it as “which foreigner is better?”
But also, EU (and Norway and New Zeand and…) will be the same soon… or are already
worse as import VAT is not shown at checkout and is a nice surprise, kindly wrapped
with a gentle fee by the postal services
|
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| Author: | yorbrick | | Posted: | May 7, 2021 13:54 | | Subject: | Re: BrickLink Marketplace Changes Due to Brexit | | Viewed: | 44 times | | Topic: | Administrative | |
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| 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 | |
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| 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 | |
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| 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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