VAT Liability
This is the VAT you need to pay or reclaim. We figure this out by subtracting the VAT on your inputs from the VAT on your outputs, as shown in the table below.
VAT Report
This encompasses your taxable transactions within your marketplace (e.g., Amazon, Shopify). It includes transactions at various rates (e.g. standard rate, reduced rate, zero rate). This excludes marketplace responsible sales.
VAT Reclaim
This refers to the input VAT reclaimed on your purchases or imports.
Other Platform Sales
This refers to your taxable transactions occurring on e-commerce platforms beyond Amazon.
EC [European Community] Sales
This refers to your cross-border B2B sales within the European Union (EU)
European Union [EU] Cross Border Acquisitions
This refers to transactions related to the movement of your goods between different Member States of the European Union (EU) where you have retained ownership or acquired from a third party.
European Union [EU] Cross Border Dispatches
This refers to transaction when your goods are dispatched or transported between different Member States of the European Union (EU) where ownership has been retained.
Commingling Buy Transactions
These transactions relate to the acquisition of a product from another FBA seller (or Amazon Retail) participating in the Commingling Program.
Commingling Sell Transactions
These transactions relate to the sale of a product to another FBA seller (or Amazon Retail) participating in the Commingling Program.
Marketplace
These are transactions where the marketplace (e.g. Amazon, Etsy) collects and remits the applicable sales tax on behalf of the seller. This ensures compliance with tax regulations and simplifies the process for both sellers and buyers.
Advanced Intrastat
These are transactions that refer to the movement of goods between EU member states, where businesses are required to report through Intrastat declarations.
Import invoice
Invoice issued by customs for goods imported from another country. It includes details about the items, their value, shipping costs, duties and taxes upon the import.
Postponed VAT Import
Import VAT invoice issued using the postponed VAT Accounting scheme, where Import VAT is not paid at customs but accounted for in the VAT Returns.
Acquisition
intra-community entry of goods transported from another EU country. Invoice issued at arrival country VAT rate, subject to a reverse charge where the recipient has a valid intra-community VAT number
Dispatch
intra-community delivery of goods transported to another EU country. Invoice issued at 0% VAT when the buyer has a valid intra-community VAT Number.