Amazon Reimbursements & Chargeback

Are these part of gross income to calculate flat rateVAT?

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Hi

Amazon reimbursements are compensations instead of considerations so out of the scope of VAT in standard VAT schemes. But will these be taken in gross sales in case of Flat rate VAT scheme where we take many zero rated and exempt sales/income in gross amount to calculate flat rate VAT?

Second question is Amazon is calculating VAT on shipping or gift wraps so should we adjust their chargebacks to calculate gross income because there is no any  VAT reversal of these chargebacks.

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By Wanderer
19th Sep 2023 07:45

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By ayaz786ahmd
19th Sep 2023 10:06
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