Questions and Answers
What are the VAT changes to Amazon fees?
What do I need to do to be prepared for the changes to Amazon fees?
By Catherine Heinen, FCCAFrom 1st August 2024, Amazon fees will be applicable to local VAT rules. Therefore, businesses in the UK selling on Amazon will be charged 20% standard rate VAT on their fees.
If you are a VAT registered business, you’ll be able to recover the VAT through your VAT return.
If you have any questions, contact your accountant.
Date published 17 Jun 2024
This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.
Catherine Heinen, FCCA
Catherine is a Technical Content Writer at TaxAssist Accountants, and a qualified accountant. With experience working at two accountancy practices in the UK top 50 accountancy firms according to Accountancy Age, Catherine has significant experience in accounts, tax returns and advising clients. Catherine ensures businesses, business owners and individuals are kept up to date and informed by providing concise and informative technical material.
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