It’s time for our weekly Questions & Answers post!
We’re now into the second week of February, and sales on eBay are slowly starting to pick up again after the usual January lull. I’ve also been very busy putting the final parts together for the big Spicy Auction Templates update, so I’m glad to have made enough time for another of our ever popular Q&A posts. Remember the goal this year is to get as close to the magical century mark as possible!
Today we’ll be covering the following questions:
- Is the shipping cost important for VAT calculations?
- Is it ok to have an email & phone number in my eBay template?
- How to start selling on eBay?
- Why should we sell on eBay instead of Amazon?
Let’s get started!
I’ve noticed my suppliers only ever declare the value of the actual items on customs forms, and they never add the shipping cost that I also paid. Will customs calculate VAT based only on this figure or do they check themselves with the courier? Or should I ask my supplier to put the full value on all forms? I’m pretty sure I have underpaid VAT and am now trying to get everything sorted before I become VAT registered.
Yes, customs need to know any shipping charges in order to correctly calculate VAT so you should always ask your supplier to put the correct amount on the customs form, or better yet ask them to attach the full commercial invoice. [Read more…]