Hi, can someone who is experienced with VAT returns give me a breakdown on how you do your return, like what reports do you look at etc and how much percentage do you actually end up paying hmrc? My sales were around £105k for 3 months and after deducting VAT paid the total VAT due to hmrc is around £7800 but my account said £9.5k so I'm confused.
VAT RETURN
- Thread starter Maxx
- Start date
Your accountant should be able to provide a breakdown of their calculations.
What should I be sending to the accountant apart from VAT invoices?
They should be telling you what they need, if they aren't then it may suggest they aren't familiar with Amazon accounts and you would probably be better off switching to an accountant that is.
Personally, I use Link My Books (https://linkmybooks.com?fpr=fba-elite) to connect Amazon to my accountancy software (Xero). This creates all of the relevant invoices in Xero to make it easy for my accountant to work with.
Personally, I use Link My Books (https://linkmybooks.com?fpr=fba-elite) to connect Amazon to my accountancy software (Xero). This creates all of the relevant invoices in Xero to make it easy for my accountant to work with.
I am new to this VAT malarky as well where do you find that report in seller central?