HOW TO UPDATE YOUR EBAY LISTINGS FOR THE EU VAT CHANGES 2021

TL;DR

Learn about the new EU VAT laws that will affect eBay sellers shipping goods into the EU, and how you can potentially save £100 on your next eBay invoice.

Transcript

if you sell on ebay and you ship goods into the eu make sure you watch this whole video because you might be able to save a hundred pounds off your next ebay invoice let's get right into it what's going on people welcome back to my channel if you're new my name is sam i'm a full-time seven-figure ebay and shopify seller and what i do on this channe... Read More

Key Insights

• 🔒 New EU VAT laws require customers in EU member states to pay VAT on any amount, regardless of value.
• 🌍 eBay will collect VAT for sellers with international sales into the EU totaling less than €10,000 per year.
• ☠️ Sellers need to update their listings with the correct VAT rates for each EU country they sell to.
• ☠️ eBay is offering a promotion where sellers can get a £100 credit by updating at least 85% of their listings with the appropriate VAT rates by the end of June.
• ✋ Registering for VAT or using the one-stop shop option is necessary for sellers exceeding €10,000 per year in international sales into the EU.
• ☠️ Sellers should double-check the VAT rates for each country they sell to and ensure their listings are updated accordingly.
• 👶 The new VAT laws may affect the competitiveness of eBay sellers compared to sellers within the EU.

Questions & Answers

Q: What are the new EU VAT laws and how do they affect eBay sellers?

The new EU VAT laws require customers in EU member states to pay VAT on any amount, impacting eBay sellers shipping goods into the EU. Sellers need to update listings and collect VAT accordingly.

Q: Do eBay sellers need to register for VAT if their international sales into the EU exceed €10,000 per year?

Yes, sellers exceeding €10,000 per year in international sales into the EU will need to register for VAT in each country they sell to, or consider using the one-stop shop option.

Q: How can eBay sellers potentially save £100 on their next eBay invoice?

eBay is offering a promotion where sellers can get a £100 credit by updating at least 85% of their listings with the appropriate VAT rates before the end of June.

Q: How can eBay sellers update their listings with the correct VAT rates?

Sellers need to log into the individual eBay websites for the EU countries they sell on and update their listings with the relevant VAT rates based on the product and country.

Summary & Key Takeaways

• New EU VAT laws will require customers in EU member states to pay VAT on any amount, regardless of value.

• eBay will collect VAT for international sales into the EU totaling less than €10,000 per year.

• Sellers need to update their listings with the appropriate VAT rates for each EU country they sell to.