Online marketplaces ― sales of goods in the UK at the point of sale

Produced by a Tolley Value Added Tax expert

Value Added Tax

Guidance

This guidance note looks at the VAT obligations arising when goods in the UK at the point of sale are sold via an online marketplace (OMP). For an overview of the provisions relating to the sale of goods sold via an OMP, including the definition of an OMP, see the Online marketplaces ― overview guidance note. For sales of goods facilitated via an OMP when the goods are outside the UK at the point of sale, see the Online marketplaces ― sales of goods outside the UK at the point of sale guidance note.

In-depth commentary on the legislation can be found in De Voil Indirect Tax Service V3.268.

Background

OMPs become a ‘deemed supplier’ and VAT collector when they facilitate certain transactions for third-party sellers. When goods are in the UK at the point of sale, the deemed supply rules only apply when the supplier of the goods is an ‘overseas’ business. These rules apply irrepsective of whether the goods have previously been

Access this article and thousands of others like it
free for 7 days with a trial of Tolley+™ Guidance.

TAKE A FREE TRIAL

Popular Articles

Value Added Tax

Exporting goods ― proof of export

Exporting goods ― proof of exportIn addition to the requirements laid down in the Exporting goods ― overview guidance note, businesses intending to zero-rate exported goods must hold satisfactory evidence that the goods have been delivered to a destination outside of the UK. If satisfactory evidence

15 Dec 2020 14:02 | Produced by Tolley Read more

Corporation Tax

Foreign exchange issues

Foreign exchange issuesOverview of foreign exchange provisionsForeign exchange (FX) movements are generally taxed following the rules applicable to the underlying income, expenditure, asset or liability on which they arise, broadly as follows:Capital assetsOn a realisation basis (ie on disposal)

14 Jul 2020 11:44 | Produced by Tolley Read more

Employment Tax

Non-business expenses

Non-business expensesIntroductionIn order for an expense to be tax deductible it must be incurred because of an employee’s employment. Any non-business related expense is, therefore, not relievable except in some very particular circumstances.This guidance note deals with three separate issues. The

14 Jul 2020 12:16 | Produced by Tolley Read more

��˾��ҹ��