- Amazon is updating VAT treatment for UK sellers
- Changes will come into effect from 1 August 2024
- All fees will become liable at the standard rate of 20%
- Direct selling costs will increase by 20%
- Invoicing responsibility shifting from ASE to AEU
- UK sellers need to adjust bookkeeping systems
- Impact on VAT registered and non-registered businesses
- Consideration needed on passing costs to consumers
Source: ryecroftglenton.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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