MORE PROFITS WHEN UK VAT REGISTERED? | How To Make Money On Amazon After VAT Registration

[@FastTrackFBA]

📍 Build your team now and save time! - bit.ly/3m4B4rv 📍 Reduced and 0% UK VAT items: www.gov.uk/guidance/rates-of-vat-on-different-goods-and-services

[@FastTrackFBA]

Chapters: Intro - 0:00 Why do you need to know this? - 1:03 How To Make Money On Amazon After VAT Registration - 2:49 NON VAT SELLER - 4:16 VAT REGISTERED SELLER (0% VAT items) - 4:58 VAT REGISTERED SELLER (20% VAT items) - 5:53 What are the 0% VAT items? - 7:26 What are the reduced VAT items? - 7:54 Amazon Product Tax Codes - 12:49

[@umer7841]

WOW!! never thought of 0% VAT items, thank you for sharing the knowledge which normally people don't bother. Thumbs up

[@Radio0900]

Thank you so much for yet another very educating video! Can I ask how VAT is calculated in the table comparison @03:24 In the right hand side column, why is 22% VAT on 20 pounds is 3.32 and not 4 (20% of 20 is 4, while 3.32 is 16.6%). Similarly why is VAT on 10 pounds 1.66 and not 2 (20% of 10 is 2, while 1.66 is 16.6%). Is there something I am missing?

[@FastTrackFBA]

have you seen my VAT video? Do join our FREE community www.fasttrackfba.com/facebook

[@cryptonikolas1846]

Registered for VAT and profits dropped by 50% … hahhahah… was so not prepared for that.. literally have pallets of goods in the warehouse that are no longer profitable

[@FastTrackFBA]

We hope everything will work out for you!!😱

[@harisfazzyvlogs]

Loved this video, informative! Can you please tell me how can we get our VAT back which we paid to the supplier/ retailer while doing Arbitrage as they don't have proper invoices?

[@FastTrackFBA]

You cant as you need the correct invoices

[@garethhitchin3566]

Vat registered and profits have dropped by 10% ish

[@nayb1398]

Hi! Hope you can answer: If I am a sole trader- under the tax threshold and contact HMRC for proof that I sell on Amazon for the money back (Luxembourg tax ), would I need to provide all past invoices and receipts etc to them? Thanks!

[@FastTrackFBA]

I think you need to speak to your accountant

[@banishmoghal3076]

Thank you how do i know the tax codes for the products 0% or %20 is there any links

[@FastTrackFBA]

You can ask in our facebook group fasttrackfba.com/facebook

[@niravpatel8941]

£3.32 vat are included FBA fees & referral fees VAT ?

[@FastTrackFBA]

yes

[@user-yx1xf9ot1t]

Once you at VAT registered, Do you still have to bat the 20% VAT cost when buying frok suppliers?

[@FastTrackFBA]

Yes we do

[@adamb1098]

I thought noone pays vat on fees now? Or am I missing something?

[@FastTrackFBA]

We do pay VAT.

[@adamb1098]

@@FastTrackFBA you pay vat on fees?

[@adamb1098]

There's no way you pay vat on fees, no one does.