jarndice wrote:OK, The commons have voted for the trade deal with the EU, it now goes to the Lords who will rubber stamp it and then HM Queen will give it the final nod and by AM tomorrow as the EU already today signed up to it earlier today it will be the law of the land SO how if at all will it affect us in this hobby?
Will my purchases from Dom cost me more will my ABER photo-etch cost more?
Considering that this will be the law throughout Western Europe does anyone know the legal status of imports and exports of for instance PZ4 Idler tensioners or is it simply extra paperwork?
Hi
I cannot comment on all the business in the EU, but here's what I got from eBay this week:
"Add VAT to bids before Jan 1st, before eBay starts collecting VAT on goods imported into the UK
Dear seller,
As reported in the latest Seller News, eBay will begin collecting and remitting VAT on goods imported into the UK from January 1, 2021. From that date, eBay will directly charge buyers the applicable VAT rate and remit it to the tax office.
Sellers dealing with UK buyers and listing on UK or other European eBay sites will be required to provide gross prices and the applicable VAT rate on which the gross price has been calculated on all bids. If the seller does not provide gross prices and VAT rates, we will have to assume that the quoted price is a net price and add VAT to the price displayed to buyers.
For sellers listing on eBay.co.uk or other European eBay sites, we recommend that you submit the applicable VAT rate for existing offers as soon as possible. All new offers should include the VAT rate. In the form of listing and editing offers, next to the price, you will find a field that allows you to enter the VAT rate.
What you need to know:
- From 1 January 2021, eBay will collect and remit VAT on all goods with a value up to £ 135 imported into the UK. The current VAT exemption on imports of goods worth up to £ 15 will be abolished.
- If the seller is a non-UK company and the goods are already in the UK, eBay will collect and remit VAT on goods sold to UK consumers, regardless of value.
Sellers should start listing the applicable VAT rates on all active and new sales offers as soon as possible. If sellers do not collect VAT themselves, the presented VAT rate should be 0%. In this case, the gross and net price will be the same and eBay will add the applicable UK VAT rate.
- From March 1, 2021, we will require you to add a VAT rate when listing bids on eBay.co.uk and other European eBay sites.
This message does not constitute legal or tax advice. We recommend that you contact an independent tax advisor or legal advisor to ensure compliance with applicable laws and regulations.
Thank you for selling on eBay,
EBay Team"
I am sorry if there are any errors - this is a translation from Polish