toolhound
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posted on May 14, 2003 12:39:23 PM new
I just read in this weeks Antique Weekly that as of July 1,2003 European users will be assessed a 17.5% value added tax (VAT) on both insertion and final selling price on any item sold on eBay. Will this be an end to a lot of Europear sellers?
How much longer before the USA passes a simular tax?
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trai
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posted on May 14, 2003 12:52:12 PM new
Will this be an end to a lot of Europear sellers?
One would think so as this will pile up the costs. If they can pass this cost on some will survive on ebay, but it will be a lot harder now for most of them.
How much longer before the USA passes a simular tax?
Never I hope! But as all levels of government are hard up for more money who knows.
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thepriest
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posted on May 14, 2003 01:37:46 PM new
The Value Added Tax VAT has been talked about by a Republican Senator last week on MSNBC
Let's hope note...taxes only go up...
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reamond
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posted on May 14, 2003 02:37:34 PM new
I sometimes list on ebay Germany and Great Britain sites. I wonder if everyone pays the tax or is it based on where the seller is based ?
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trai
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posted on May 14, 2003 02:42:14 PM new
I wonder if everyone pays the tax or is it based on where the seller is based ?
I would think that it would be based on the site location. So if you sell on ebay germany etc. you would be charged the tax.
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davebraun
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posted on May 14, 2003 02:43:49 PM new
Probably only if you are in the European Economic Community. I use an ICANN administrator in France and am exempted from the VAT that their European clients are charged.
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auctionace
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posted on May 14, 2003 02:57:21 PM new
I wonder if everyone pays the tax or is it based on where the seller is based ?
There are certain categories where at least 20%-25% of the items are in GBP and from the UK but listed in US categories. This ruling should keep the Europeanss listing in their own ebay sites? Or will the tax be on items listed in ebay-United Kingdom, etc as well?
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trai
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posted on May 14, 2003 03:01:23 PM new
Might get them to move to the U.S. site, but its unclear as yet how they are going to apply this tax.
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horsey88
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posted on May 14, 2003 03:35:59 PM new
Yep I wonder if the government will have a NPB program to refund your 17.5% when a deadbeat bids.
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ahc3
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posted on May 14, 2003 04:04:41 PM new
makes me thankful I am an American. We're dealing with a minor nuisance where I live, county is trying to implement a 3 year (yeah, right!) 1.25% income tax. Hopefully it will go down in flames. We pay enough! I can not imagine being in Europe, where you pay so many more taxes. Even Canada and Australians have it bad with a goods and service tax. While visiting Canada I purchased postage stamps and used an internet cafe, and had to pay tax on both things. Imagine that!
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auctionace
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posted on May 14, 2003 04:26:04 PM new
If the tax is only on Europeans listing in ebay-USA and those sellers stop listing there then it may be a good thing --- for US sellers anyway.
If the new tax is on European sellers selling only in their ebay-Europe ebays and they start listing much more in the ebay-usa then it's a bad thing for US sellers.
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capotasto
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posted on May 14, 2003 06:44:11 PM new
"I sometimes list on ebay Germany and Great Britain sites"
reamond - I sometimes list things that might do better in Germany... how do you do that? does it have to be written in German to get a good number of German bids?
Vinnie
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REAMOND
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posted on May 14, 2003 07:18:36 PM new
reamond - I sometimes list things that might do better in Germany... how do you do that? does it have to be written in German to get a good number of German bids?
Believe it or not, the hardest part is getting the Euro-site to come up. I have to block cookies and register separately at the Euro-sites. If you don't blocj the cookies, you keep getting shifted to the US eBay site, even though the listing price is in Pounds or Euros.
I use descriptions in German on the German sites. I have two children that speak pretty good German and they do the descriptions. I accept Euros and Pounds as payment- my credit union charges nothing for depositing checks in Euros or Pounds Sterling.
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