VAT on Fees appears twice in the Profit Calculator to represent two different parts of the profit calculation.
- What Amazon will charge you: VAT on Fees in the Profit calculation represents the actual VAT that Amazon will deduct from you to cover the VAT on their fees; so this amount will go to Amazon
- What you pay your tax authority: The "VAT Due" in your profit calculation represents what you owe your local tax authority. For a UK VAT-registered seller, this means you'd owe £5.83 in VAT on the sale price. However, since you can reclaim £3.17 (VAT on cost) and £1.72 (VAT on Amazon fees), your net VAT obligation to the taxman is only £0.95. This final amount is factored into your overall profit.