The Book-keepers Forum (BKF)

Post Info TOPIC: Ebay Fees


Senior Member

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Ebay Fees


Hi there, I have a retail client who has an ebay shop and their ebay fees are approx 1000 month, and I do not reclaim any VAT as the invoice comes from Luxembourg so I have input on sage as a T2 exempt status, would appreciate it if someone could let me know if they think this is correct or should it be as a T7 i.e. european purchases  although it is fees not goods?  Thanks again for you time, I am really enjoying this forum and you are all a great help.



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Julie



Guru

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Someone please correct me if I'm wrong but I think you should actually use T8 because the service would be vatable if supplied in the uk. I'm not sure you would ever use T2 when it's a non uk supply. If the service is non-vatable in the uk then I think it's t7.

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Tony

Responses are intended as outline only. Formal advice should be sort from your Institutes Technical Department or a suitably qualified Accountant.
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Senior Member

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Date:

Hi there, I think you are right thankyou, if the client registers their VAT number they get invoiced the net amount i.e.  minus the 15% luxembourg VAT and I presume the sage VAT code of T8 does not change, the have been paying the gross amount inc the 15% VAT.  Any comments appreciated.

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Julie



Senior Member

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Posts: 120
Date:

Sorry in addition to my reply above I just  thought  it was only goods that related to T7 & T8 not services/ebay fees, any comments.  Thanks

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Julie



Veteran Member

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Date:

Hi there,

As long as they are Vat Reg, then I too would say T8

Luther.

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