Has most sellers we have all grown our business round eBay and amazon because they have monopolised the market online 20 years ago it was a pleasure to do business online we used to sell on deal time and kelkoo most of these eBay sellers was not about or even eBay and amazon was not about.
I have been reading all these posts, let me tell you all one thing we are all wasting our time and I’m a very good example. If companies are legit they can claim back as credit on next VAT return.Īs somebody mentioned before this really has to be the lowest hanging of fruit from the Treasury’s perspective…just make Ebay/Amazon deduct the VAT from sellers sales at source…… a *massive* win for UK coffers & a massive win for UK based on-line businesses.
– when a UK/EU seller has sold more than 80k on their platform in the proceeding 12 months, again start automatically deducting VAT at source, they inform HMRC, and wait for a verified VAT number to be provided. – if company registered outside EU like China, and goods location UK, ebay/amazon automatically deduct VAT at source and pay to HMRC It would be very easy to enforce, like everything online, it can all be automatic, for example: I reported one of the latter who sells on Amazon, to both HMRC and Amazon 8 months ago, still trading and its 15-20k of VAT fraud a month, its a joke! Its the biggest problem affecting my online business at the moment, and its not just Chinese sellers, there are many EU based fraudsters doing the same thing, selling into the UK, exceeding the thresholds and getting away with. It will be interesting to see whether eBay follow up on these words.ĭo Chinese VAT avoiding sellers in your category compete with you? He said: “eBay takes VAT compliance very seriously and works closely with HMRC to remind sellers of their legal obligations in this area.” “A spokesman for eBay promised “appropriate action including suspending the account” if sellers are not VAT registered when they should be. If truth be told, eBay has not given this problem much credence in the past.ĮBay are quoted in the Mirror article.
Perhaps the media spotlight will push eBay into action on this practice. This infographic from the Mirror illustrates the issue in the iPad cases category rather well. Penman highlights iPad cases as one area where the practice is rife, but I imagine that many of you will have similar tales to tell about unfair competition. The practice is very different, as a look at just one eBay market shows.” In theory, if a business is based outside the EU but has its stock here then is should be VAT registered. The Chinese tactics used are brutally simple: They don’t pay VAT, which means they can undercut homegrown rivals by 20%. That’s how some of them describe the tide of Chinese rivals that are driving them out of business. The story says: “This Christmas could be the last for many British online traders. You can find the story by Andrew Penman here. It’s called: “VAT evading Chinese firms are wiping out British business.” The Daily Mirror has published a story about how Chinese sellers on eBay aren’t paying VAT and how that’s affecting the livelihood of British traders.
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