VAT

Estimated reading time: 22 minutes 30 seconds. Find all the answers you need to your burning eBay tax questions in this guide, along with additional resources available. We have divided these questions into General Queries, eBay Sales Tax Queries, eBay VAT Queries, eBay Income Tax Queries and Accountants and Other Tax Resources: General Queries 1.1 What is the key information about tax that eBay sellers need to know? 1.2 Why is eBay charging tax now?

Estimated reading time: 9 minutes.  Anyone who runs an online store will know that the beauty of ecommerce is that its capabilities are limitless. It’s a fantastic way for retail stores of any type and size to reach a new community of customers – enabling you to expand your sales worldwide without the extensive costs of setting up a brick-and-mortar store. Ecommerce has levelled the playing field, making it possible for small businesses to compete with corporate giants on an international stage.

Estimated reading time: 51 minutes. Otherwise known as ‘value-added tax’, VAT is a type of consumption tax that is paid by end users on products and services. In different regions, VAT is referred to by different names. For American sellers, it is called ‘sales tax’. In Australia and New Zealand, we call it ‘goods and services tax (GST)’. While the rules around how VAT is managed are different for each economy, there are a wide range of things that they all have in common.

Estimated reading time: 17 minutes. When you sell online to a global market, you’re opening up your business to a world full of consumers with disposable income. You’ll also become subject to meeting tax thresholds in multiple economies with different rules (sigh). And with ecommerce being the lucrative beast that it is, tax authorities in those multiple economies are onto you. But don’t close up shop just yet. In this guide, we explore all things VAT in the UK and Europe - what it means for eBay sellers like you, and how to get started.

Estimated reading time: 5 minutes. There’s no denying that automation drives efficiency and reduces cost. In the long run, the most efficient players in any given market have the best chances of winning market share and building long-lasting businesses. For ecommerce, warehousing and fulfilment, Amazon has positioned itself to take full advantage of the coming automation era by implementing the latest technologies and creating a highly automated eco-system. Amazon’s offering makes it much easier for merchants to sell internationally than ever before.

Estimated reading time: 7 minutes. This guide was correct at the time it was written. With impending potential Brexit changes and ongoing ecommerce tax developments, it is best to get the most up-to-date information from the official government channels or an accountant. A top priority for any established Amazon seller is charging and collecting sales tax. Why? Because if you’re unable to meet your sales tax obligations, the responsibility and repercussions rest solely on your shoulders – not with Amazon.

Running an ecommerce business in the UK comes with a unique set of challenges and opportunities. Regardless of whether you’re selling on Amazon, Shopify or another digital avenue, you need to have accurate financials in order to make sound business decisions. Many digital entrepreneurs (and their bookkeepers) manually enter the sales or payout data into their accounting system. While it may seem like a suitable solution in the beginning, this can result in more work and a wide range of issues such as reporting errors, difficulties with comparing the performance of different channels and time periods, and challenges when it comes to selling your business down the line.

Estimated reading time: 10 minutes 30 seconds. Ecommerce sellers used to have a pretty easy time when it came to sales tax, but those days are gone. In June 2018, a landmark case turned the tide on sales tax collection for good. The Wayfair vs. South Dakota ruling redefined the criteria for business owners eligible to pay sales tax. Prior to this ruling, business owners needed physical presence in a state to be considered eligible to remit sales tax.

Estimated reading time: 5 minutes. Introducing the ecommerce accountant directory. Find your new ecommerce accountant here. It’s a complicated beast, accounting, and as an ecommerce store owner, you’ll have had first-hand experience. Ecommerce has grown at a tremendous rate, and with this growth comes a new wave of ecommerce experts. A2X works closely with a fantastic network of ecommerce accountants from all over the world, who are highly experienced with A2X and more importantly, understand the accounting complexities experienced by ecommerce sellers.

The A2X team is currently spread out far and wide for a very busy end of year. Whether you are in London, Singapore or Toronto, there will be an event nearby. Giving you plenty of opportunity to meet the team and check out firsthand the new Shopify integration and the new VAT features for Amazon accounting with A2X.  A2X in London After a successful QuickBooks Connect 2019 in San Jose.

Estimated reading time: 8 minutes 30 seconds. MTD, or Making Tax Digital, impacts all aspects of the way Amazon sellers in the UK account for VAT to the HMRC. Despite the initial and rather urgent push for sellers to start their transition to compliant digital systems early, many delayed. This means that many UK Amazon sellers are still trying to catch up and understand this shift to MTD. When I first planned to write this blog, I never imagined that I’d actually get to be in the UK as it approached this transition.

This article is has been written with our good friends at OD Accountants in the UK. It discusses the growth of Amazon FBA in the UK and how OD Accountants have been working though the challenges of Amazon accounting with the help of A2X. During recent years, online marketplaces have transformed the way we shop. Amazon brings together sellers, merchants and businesses in almost every industry into a highly competitive marketplace.

Last week Ed Rosenberg interviewed A2X partner firm AVASK about VAT compliance and enforcement for Amazon Sellers. James and Angelos covered how VAT compliance is being enforced for Amazon Sellers and the penalties faced if a business ignores compliance. VAT is complex, with some very serious implications for your business, check out the full interview below to get a sense for the challenges and importance of the VAT accounting for Amazon sales.

Eagle & Fox had big plans for their business, but their accounting was holding them back. _Here’s how A2X helped the Amazon retailers simplify their VAT reporting, speed up their accounting and grow their business. _ Fergus and Emma Macdonald run Eagle & Fox, a creative online retailer based in the old sea port of Leith, Scotland. They merged their two brands, Kilt Society and The Tartan Blanket Co, into one dream company – a smart and efficient move.