eBay is forced to add 20% VAT to its fees | Daily Mail Online
OK lets see it repeated with the other sites...
Online marketplace eBay has started charging 20 per cent Value Added Tax on its fees to tens of thousands of businesses selling on its UK platform.
The measure, effective from August 1, follows a restructuring by eBay resulting in UK customers no longer contracting with its Luxembourg entity, eBay Europe, but with eBay (UK) Limited.
Alan Pearce, VAT partner at accountancy firm Blick Rothenberg, explained: ‘This change should not adversely affect the vast majority of VAT-registered sellers as the additional tax being charged by eBay should be recoverable via the seller’s VAT returns.
The measure, effective from August 1, follows a restructuring by eBay resulting in UK customers no longer contracting with its Luxembourg entity, eBay Europe, but with eBay (UK) Limited.
Alan Pearce, VAT partner at accountancy firm Blick Rothenberg, explained: ‘This change should not adversely affect the vast majority of VAT-registered sellers as the additional tax being charged by eBay should be recoverable via the seller’s VAT returns.
OK lets see it repeated with the other sites...
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