VAT on eBay

[otto.bosza]

Dear Friends,

How are you handling VAT for eBay taxes?

I'm struggling to understand how eBay accounts for VAT on antiques, especially in the UK, when selling items to China, the USA, or EU countries.

I am an eBay seller. If it's not too much trouble, I would like your advice or guidance.

Do you have to use the standard (do you pay £1000 sold eBay price + 20% VAT, charging eBay buyer) or (within £1000 sold, so you have to pay 20% VAT within the £1000, so it's not as much as the previous option, but all from your own pocket) or margin scheme (£1000 sold eBay - you paid for item £400 deductive = £600 + 20% VAT) accounting for VAT on eBay? What accounting software is good to use (Quickbooks & A2X)?

Does eBay do some VAT reports you can use as proof of VAT return?

How do you prove to the HMRC that you bought something at the Antique fair? For example, you buy something for £100 and sell it for £250 later. 

Sorry to trouble you with these questions, but I would rather ask you because you are the most qualified in this field, and it's very hard to find the correct answers. This trade is very specific to handling our sourcing and documenting for HMRC.

You may have some answers or advice, which I would deeply appreciate.

I have my accountant, but I wonder if he knows all aspects of this trade. 

Kind regards and happy Father's Day
Otto

[klhmdg]

@otto.bosza   This is the US board (.com) most sellers on here dont worry about VAT because we are in the US.

You may have better luck asking on an EU sites boards.

[dhbookds]

You are asking on the US board, primarily US sellers....probably get much better answers on the UK board.......

[lacemaker3]

@otto.bosza 

Here's a link to a page on eBay UK that explains your VAT obligations as a seller.

https://www.ebay.co.uk/help/selling/selling/vat-obligations-uk-eu?id=4650

[ckimodog]

@otto.bosza 

Happy Fathers Day to you! 

This is a US community discussion forum.  You are located in the UK.  What applies in your country may not apply here in the US or other countries.  You may be better served by logging out of ebay.com and logging back into ebay.com/uk  Here's your community forum link that may be helpful:

http://community.ebay.co.uk/t5/Discussion/ct-p/13

Good luck getting the help and advice you need.