I have a question on eBay charging me VAT on sellers fee's.
I am charged 20% on my seller fee's at the end of the month by eBay.
Does this mean I can exclude them from my sales price on eBay please?
This is an example.
Purchase price £9.99
Sell price £13.28
eBay category fee's 9%
PayPal 2.4% + 20p
VAT already paid on purchase of £9.99 is £1.67.
eBay Final value fee £1.20
Paypal 32p + 20p add on fee
Vat of remaining £3.29 0.55p
Ignoring the VAT I paid when I purchased the item and concentrating on the remaining £3.29 mark up of the sale I have worked out from these fee's of the final value fee of £1.20 >+ 24p is VAT
profit of £1.01 >+ 20p is VAT
paypal of 52p >+ 10p is VAT
This makes up the 55p VAT I have paid from the £3.29.
But because eBay will charge me 20% VAT on the 9% final value fee of £1.20 which is the 24p from above in my monthly invoice which i will claim back my question is can I deduct the 24p from the sales price as it will be charged in my invoice by eBay and then claimed back as in input by me please?
Thanks in advance for any help you can give me.