Etsy and VAT

Could someone please advise?

Didn't find your answer?

I'm not sure how to deal with this post Brexit.

Client is VAT registered and has just started selling goods via ETSY.

Can someone please advise as to how I account for the VAT? 

We dont use QB which I understand has an app to deal with this and from looking at other posts there is a recommendation to use Greenback?

 

Replies (5)

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By tom123
23rd Jul 2021 09:37

Which bit are you struggling with?

Your vatable turnover will be the sales prices to your customer.

Commission and charges come off that - which will be non vatable, followed by a net receipt to your bank account.

There will be some kind of statement available from Etsy. to show this.

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VAT
By Jason Croke
23rd Jul 2021 11:21

If your client is selling to EU consumers via Etsy, then Etsy should be liable for charging VAT to the EU consumer, your client making a zero rated "deemed sale" to Etsy.

Not sure what your particular question/issue is, can you be more specific?

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By LJCASE
23rd Jul 2021 14:33

More detail as requested...

Etsy are in Ireland. When they sell to you it is a B2B cross border supply of services covered by Reverse Charge of Services - but that is for their service not for the actual goods.
So its just the service that is not vatable as you are selling through Etsy.
The question is - do you charge VAT on the actual value of the goods?
Goods being sold to UK customers

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Replying to LJCASE:
By Duggimon
23rd Jul 2021 15:24

Part of the benefit of Etsy is that you set up the shop through them, advise of your VAT status and they charge the applicable rates as and when required. I'm not sure it's actually possible to set the VAT status or rates yourself per item or per sale.

The reports they provide should be sufficient to gather the information for the VAT returns.

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Replying to Duggimon:
By kenny achampong
27th Apr 2022 12:49

I've spent the last couple of hours looking for an Etsy report showing sales and customer locations, and can't find it, does anybody actually know for certain that Etsy do a report that's of any use for owrking out the VAT ?

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