UK new E-commerce VAT Rules

Davidmus20 Sep, 2022Business

Selling your products on Amazon or eBay? Then you must think about e-commerce VAT and get a good grasp of the taxes you will need to pay to save you time and from a headache in the future. As you probably know, VAT is a tax that everyone in the supply chain from manufacturers, distributors and retailers, to consumers pays on their purchases. Currently in the UK, VAT is charged at three rates - 20%, 5% and 0%. Just like you pay VAT when you cross the threshold of ?85,000 for a brick and mortar store, you need to register and pay VAT for E-commerce.