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Billy Jo Jim Bob

Selling on Discogs - VAT question

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Thinking about selling on Discogs as a private seller as I have a few 45's which I think would appeal more to the Euro / Rest of World crowd. I went to register and it asked for a VAT number which confused me a bit.

As a private seller do I need a VAT number ?

Will I be charged VAT for the listing fee and sale price ?

Is it chargeable each month you have something listed ?

Any other advice ?

Any of you experienced Discogs sellers out there, your input would be appreciated.

ATB

Andy

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Hello Andy,

it,s been a long time since I was vat registered but it was a based on turnover,currently around £85,000 per annum, I think! There was/is a margin scheme where you paid vat on your profit,mainly for the antiques trade.My contention would be not to get involved.It sounds like you don,t need to anyway,unless you,ve got a hell of a lot of records to sell!! Also you would need to register to obtain a vat number in order to charge it. I don,t think this applies to you but check out the up to date facts to put your mind at rest!

Regards, Clive.

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The VAT is only charged on what Discogs charge in sales commission, 8% i think. Not on individual sales. So if you sell 100 quids worth in a month they will bill you for 8 quid plus 1.60 VAT. 9.60. I don't have a VAT number so the VAT number field isn't mandatory.

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3 hours ago, Billy Jo Jim Bob said:

Thinking about selling on Discogs as a private seller as I have a few 45's which I think would appeal more to the Euro / Rest of World crowd. I went to register and it asked for a VAT number which confused me a bit.

As a private seller do I need a VAT number ?

Will I be charged VAT for the listing fee and sale price ?

Is it chargeable each month you have something listed ?

Any other advice ?

Any of you experienced Discogs sellers out there, your input would be appreciated.

ATB

Andy

As per the other responses, you do not need a VAT and the charges on sold items are as already quoted which you are then invoiced for on a monthly basis,if i recall you then  have 10 days to pay 

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