I’m moving from flat rate VAT to the standard rate.
I gave my VAT number to Amazon when I first registered but as it was flat rate I didn’t reclaim anything.
In the monthly payment summary reports, am I correct in thinking that the ‘tax’ bit is my input VAT and I can reclaim this back?
TIA
You cannot claim Standard Rate VAT.
Why not just use Link My Books to automate your Amazon accounting? Saves time and ensures accuracy.
If you’ve given Amazon your VAT number then they will likely only charge you VAT on your Amazon .co.uk sponsored ads.
All other fees are billed from their Luxembourg entity and are reverse charged.
Thank you, I will have a look!