How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Sam Your Own Question
Sam
Sam, Accountant
Category: Tax
Satisfied Customers: 7248
Experience:  26 HMRC expertise, PAYE, Self Assessment ,Residency, Rental Income, Capital Gains, CIS ask for Sam Tax
16196420
Type Your Tax Question Here...
Sam is online now

Can you help me with auctioneers vat scheme We are online

Customer Question

hello
can you help me with auctioneers vat scheme
We are online auction like ebay.. what VAT for buyer /seller?
Submitted: 11 months ago.
Category: Tax
Customer: replied 11 months ago.
Posted by JustAnswer at customer's request) Hello. I would like to request the following Expert Service(s) from you: Live Phone Call. Let me know if you need more information, or send me the service offer(s) so we can proceed.
Expert:  taxadvisor.uk replied 11 months ago.

Thank you for your question.

Please expand on your question.. do you wish to know how Autioneer's Scheme works?

Many thanks

Customer: replied 11 months ago.
we are launching an online auction website (called ...) in ebay format for antiques. Good reference is Catawiki.com (Netherlands based)
1) What VAT scheme will apply? The Auctioneers Scheme. VAT is only charged on Auction Fee2) What VAT should we charge Buyers and sellers? in EU (3) Catawiki does not charge buyers VAT only 12% to sellers. ( netherlands based)- we are based in UK4) Please can you give me an example explanation on how VAT will apply for EU and non EU case- FOR BUYER AND SELLERShipping is handled by seller directly. We ask the seller to indicate it
Customer: replied 11 months ago.
Zero Flast??? We will have individuals and company buying or selling. Do we need to take VAT info of companies?Once someone wins timed auction.. What level of VAT should i charge to Buyer and seller
Customer: replied 11 months ago.
basically, a person register s and can start placing bids - if he is highest bidder we send him invoice. Seller can register and post photos after we allow them and item goes live.How to manage VAT ? what information i need to ask and charge VAT ?
Customer: replied 11 months ago.
Please use actual number examples
Expert:  taxadvisor.uk replied 11 months ago.

Thank you for further information.

HMRC VAT Office have VAT Notice 718/2 - the VAT auctioneer's scheme and link to it is provided here.

https://www.gov.uk/government/publications/vat-notice-7182-the-vat-auctioneers-scheme/vat-notice-7182-the-vat-auctioneers-scheme

Examples are shown in Sec 8..

I hope this is helpful and answers your question.

If you have any other questions, please ask mebefore you rate my service – I’ll be happy to respond.

Customer: replied 11 months ago.
NO IT is not
Customer: replied 11 months ago.
I have read all that through
Customer: replied 11 months ago.
Please note I am requesting refund since you do not have the auction margin scheme knowledge
Customer: replied 11 months ago.
I can google as well

Related Tax Questions