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The Book-keepers Forum (UK) -> Book-keeping Software -> Help with SAGE VAT code for eBay Fees (Luxembourg 15%)
Post Info TOPIC: Help with SAGE VAT code for eBay Fees (Luxembourg 15%)
RustyOVM


Newbie

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Help with SAGE VAT code for eBay Fees (Luxembourg 15%)
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Hi,

Please can anyone confirm what SAGE VAT code they use for eBay selling fees (which attract 15% Luxembourg VAT)?

I am not a bookeeper but we do our own bookeeping. We posted the first couple using T8 but this seems to be increasing our VAT due on the return as 20% (not 15%!) of our eBay costs now appear in box 2 "VAT due in this period on EC Acquisitions". This ovbiously increases the Vat due as a total of boxes 1 + 2.

 

The correct value of our eBay costs (ex-VAT) do appear in box 9 "Total Value of EC Purchases excl. VAT".

 

I am clearly using the wrong code as the VAT on our eBay fee costs already paid to ebay, seem to be payable to the VAT man again !!!

Thanks in advance... spent agents looking through the SAGE Vat Code "help" (!!!).

 



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Sharon Eyre


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Date:
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T8 should put the vat in box 2 but then deduct it in box 4

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Regards

Sharon
BruceDenney


Senior Member

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Date:
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It is a standard EC transaction, in theory if you give them your VAT number they should not charge you at all.

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