Good afternoon and welcome to another content corner.

Thank you very much for joining me.

My name's Andy from Global E-Commerce Experts

and we're here to successfully expand e-commerce sellers into the EU.

Now today what I want to talk about is the slight changes that are happening with VAT here in the UK.

Now first of January, yes we've got Brexit happening, yes, we've done a load of webinars and information on those.

Please check those out, perhaps some links or whatever.

However, I think what you need to be aware of is that the way that Amazon, if you're an Amazon seller, is calculating VAT

and how, what the governments are doing to combat some of that.

So let me back up slightly because there's a huge amount of sellers that are VAT registered

that aren't declaring their VAT.

And because of that, what's now happening is every,

the marketplaces will now be taking your VAT for you.

So what that basically means is, is that when you sell on Amazon,

Amazon will take 20% of your sale and give that to the UK government.

All right, they essentially become the supplier,

and therefore they will now be doing that. So when you get your return from

Amazon, your costs out of there, what's going to happen is you're going to see 20% gone for VAT.

All right. And they're going to be taking that straight from the point of sale essentially.

So many of you will be very used to that, but it's a very different way of working here in the UK.

Now, the problem with that is that not everybody's

on the standard rate, some might be on the flat rate,

...