Скачать или смотреть Amazon VAT Rules Explained (after August 2024 Update) + New VAT Exemption Template (Amazon FBA UK)

COURSE FLASH SALE - Save £100 With Code - DECEMBERSAVE100
🚀 My Amazon Course 👉 https://fbaelite.teachable.com
🤝 Work With Me 1-on-1 👉 https://www.fbaelite.com

🔥 HELIUM 10 - UP TO 40% OFF! 🔥
https://helium10.pxf.io/LKqLxa

💬 FREE FORUMS - 5000+ Amazon sellers 💬
https://www.fbaelite.com/forums/

💰 LINK MY BOOKS - Essential Amazon accountancy software 💰
https://linkmybooks.com?fpr=fba-elite

▶️ TIKTOK - Follow Me on TikTok ▶️
  / darrenfba  

🚀 AMAZON FBA COURSE - FBA Elite Amazon Training Course 🚀
https://fbaelite.teachable.com/

🤝 AMAZON FBA MENTORSHIP - Work 1-On-1 With Me 🤝
https://www.fbaelite.com/pages/mentor...

Amazon VAT exemption will NEVER be the same again and you need to ACT NOW to avoid getting caught out by these recent VAT changes. Whether you are starting Amazon FBA or already sell on Amazon, you need to be aware of the latest Amazon FBA VAT updates that will have a BIG impact on your Amazon FBA Business.

In this video, we also discuss import VAT, how to calculate VAT on Amazon fees, when to become VAT registered, VAT on Alibaba samples, postponed VAT accounting (PVA) and the new VAT exemption email template you can use to contact Amazon Seller Support so you can activate automatic business invoicing and avoid IDR (Invoice Defect Rate) issues.

Over the past few years, there have been many changes to VAT regulation and the way Amazon implements these rules. Following Brexit, it became possible for Amazon FBA beginners to declare themselves VAT exempt and avoid paying VAT on Amazon fees. Unfortunately, with the latest Amazon VAT exemption changes from 1st August 2024, this loophole has been closed.

Previously, new Amazon sellers could avoid paying VAT on fees by declaring VAT exemption. Amazon invoiced the majority of fees from Luxembourg so under the EU reverse VAT system it was possible to avoid paying VAT.

From August 2024, Amazon started invoicing all fees from Amazon UK so now ALL Amazon sellers will be forced to pay VAT on all Amazon fees.

Here is the announcement from Amazon regarding Amazon VAT exemption changes:

"Effective August 1, 2024, Selling on Amazon, Fulfilment by Amazon, and all other services currently supplied by Amazon Services Europe S.à r.l. (ASE) will be supplied by Amazon EU S.à r.l. (AEU). All agreements, policies, terms and conditions currently referring to ASE, including Amazon Payments agreements, will be updated to AEU. Additionally, all invoices issued by Amazon will be issued by AEU instead of ASE after August 1, 2024.

If your company is established in the UK, Germany, France, Italy, Spain, Netherlands, Poland, Belgium or Sweden, you will be invoiced by the AEU branch in your country of establishment. As a result, local VAT rules apply and VAT will be deducted from Amazon fees. In the majority of cases, we expect that you will be able to recover this VAT through your normal VAT return process."

What do you think about Amazon VAT exemption being removed? Will it put you off starting Amazon FBA UK in 2024? Let us know your thoughts in the comments below! !