Understanding UK VAT for Amazon FBA Sellers: A Guide to How VAT Works
Value Added Tax (VAT) is a consumption tax that is added to the price of goods and services at every stage of production and distribution. VAT is collected by businesses on behalf of the government and is typically included in the final price paid by the consumer. For Amazon FBA sellers in the UK, understanding how VAT works is crucial to ensure compliance with tax laws and avoid potential penalties. Amazon FBA (Fulfillment by Amazon) is a popular way for sellers to reach customers around the world by using Amazon’s vast network of warehouses and logistics services. However, selling on […]