UAD Pricing in UK is a rip off !

chrisso

Venerated Member
Yep VAT = add 20%. Also products are not priced on the current money rate. They have to come up with a price that is realistic however radically the exchange rate moves.
 

FutureLegends

Active Member
Yup, VAT. Unfortunately the way UA is handling VAT in Europe is totally effed up. 🤷‍♂️
 

c3r1c

Venerated Member
Yup, VAT. Unfortunately the way UA is handling VAT in Europe is totally effed up. 🤷‍♂️
I've seen people make this statement before. What is the correct way for UA to handle VAT?
 

FutureLegends

Active Member
If you’re a vat registered company in the EU, you can buy without vat from other EU countries.
every other company I’ve ordered from allows this to be done at the point of the order.
UA for some reason don’t and you have to contact customer support to have it paid back. Which takes time, adds to book keeping etc etc.
 

RogueM

Venerated Member
Can't you claim the VAT paid from HMRC when you fill in your quarterly VAT return?
no, UA operates under the MOSS scheme, which is strictly B2C. They have nothing set up for B2B, which is where the rub lies…. we’ve been around the block on this, multiple times.
 

chrisso

Venerated Member
Are you talking about Europe? the original post was about the UK.
This is what HMRC says:
'You can reclaim VAT on items you buy for use in your business if you're VAT registered. Do this in your VAT return.'

Obviously it's handy if you can buy things with the VAT immediately deducted at source, but as far as I understand it you can still claim it back every three months.
Also, regarding the first post, you never buy anything at the banking system's spot currency rate. I only use the daily conversion (EG: 0.79 pounds) as a rough guide. The only people who actually get that rate are banks and people constantly moving large amounts of currency.
 

RogueM

Venerated Member
Are you talking about Europe? the original post was about the UK.
no, I am UK based. I even contacted HMRC directly in 2020 (I think) to get the definitive answer. You cannot.
 

chrisso

Venerated Member
Hmm, I quoted HMRC. You can claim VAT on items bought for your business in your quarterly VAT return.
Obviously many UK businesses allow VAT deduction at the point of purchase.
 
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