How does VAT on Cost work in SAS?
If "VAT on Cost" is set to "Yes", you will need to enter the gross purchase price - if it is set to "No", you will need to enter the net purchase price. By default, VAT on Cost and VAT on Sale will be set to "Yes" on every product listing.
VAT on Cost Paid | Vat on Cost Not Paid |
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How does VAT on Sale work in SAS?
If "VAT on Sale" is set to "Yes", you will need to enter the gross sale price - if it is set to "No", you will need to enter the net sale price. By default, VAT on Cost and VAT on Sale will be set to "Yes" on every product listing. VAT on Sale Paid ...
How VAT on Sale and VAT on Cost are calculated
The VAT rate in UK is 20% but applies to net prices, (the total gross price is calculated by adding 20% to the VAT-exclusive price). So you pay VAT on the sale price and can reclaim the VAT paid on the cost; excluding the Amazon's VAT on Fees SAS ...
When entering FBM shipping cost, should i input VAT-inclusive or VAT-exclusive ?
When entering FBM shipping cost you need to input a VAT-exclusive Sale Price, as VAT on Fees section will add VAT on top of that figure. More information on VAT on Fees can be found here.
Using Reduced VAT Rate in SAS
The reduced VAT rate applies to a select group of goods and services in the UK; it covers items such as sanitary products, energy-saving measures, and children's car seats. A full list of which rates of VAT apply and which items are exempt or outside ...
How is VAT on Fees calculated in SAS?
VAT on Fees (3) is calculated by multiplying the Total Amazon Fees (1) by the Standard VAT Rate (2) for that marketplace; so in the case of a UK listing, if the Total Fees are £11.20 and the VAT Rate is 20%, the VAT on Fees due will be £2.24.