[meteorite-list] New UK VAT Requirements

From: Anne Black <impactika_at_meteoritecentral.com>
Date: Wed, 13 Jan 2021 00:10:36 +0000 (UTC)
Message-ID: <493628492.785854.1610496636447_at_mail.yahoo.com>

Something is not clear.

Are you saying that the 20% VAT (collecting, registration,...etc) applies only to sales valued at LESS than L135 (Roughly $180)?
But does not applies to anything with higher value, regardless of value?

I got the impression that it was the opposite.

Please clarify.


Anne Black
IMPACTIKA.com
impactika at aol.com


-----Original Message-----
From: MSG - METEORITES via Meteorite-list <meteorite-list at meteoritecentral.com>
To: Michael Gilmer <meteoritemike at gmail.com>
Cc: meteorite-list at meteoritecentral.com
Sent: Tue, Jan 12, 2021 7:44 am
Subject: Re: [meteorite-list] New UK VAT Requirements



Hi Mike,?


Yep, sadly correct if the value is less than ?135. Crazy! So you as a vendor would have to register for VAT with UK authorities, charge and collect 20% VAT on behalf of the UK government then file quarterly VAT returns and pay the UK government what you've collected on their behalf........?


Madness!?


Cheers from across the pond.?


Martin?


Martin Goff
www.msg-meteorites.co.uk
International Meteorite Collectors Association (IMCA) member #3387

Sent from my mobile phone




On Tue, 12 Jan 2021, 14:41 Michael Gilmer via Meteorite-list, <meteorite-list at meteoritecentral.com> wrote:

Wait. So, let me get this straight. Does this mean that vendors based
outside the UK will have to register with the UK authority and pay
taxes on orders going from the USA to the UK?



On 1/12/21, Graham Ensor via Meteorite-list
<meteorite-list at meteoritecentral.com> wrote:
> Crazy mess Boris is leading us into. :-(
>
> On Tue, Jan 12, 2021 at 5:59 AM Paul Harris via Meteorite-list <
> meteorite-list at meteoritecentral.com> wrote:
>
>> Attention Dealers:
>>
>>
>> I just received the following from stamps.com
>>
>>
>>
>> -------------------------------------------------------------------------------------------------------------------------------------------------------
>>
>> Effective Jan 1, 2021, value added tax (VAT) must be collected for all
>> goods entering the United Kingdom (UK).
>>
>> There will be a 20% VAT rate on goods valued up to ?135 (about $180
>> USD), which you must collect unless your online marketplace (e.g. eBay,
>> Amazon, Etsy, etc.) is already collecting it. Current procedures for
>> goods valued over ?135 remain the same.
>>
>> To prevent your UK shipments from being delayed, held, or returned
>> by UK customs in 2021, please take the following steps:
>>
>> 1. Register for a VAT number with the UK.
>>
>> 2. Collect VAT at the time of purchase.
>>
>> 3. Make quarterly VAT return payments to the UK.
>>
>> In addition, you should include your VAT number on your customs
>> declarations.
>>
>>
>> -----------------------------------------------------------------------------------------------------------------------------------------------------------
>>
>>
>>
>>
>> Paul
>>
>>
>>
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>>
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Received on Tue 12 Jan 2021 07:10:36 PM PST