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Selling overseas? Got VAT/Tax Headache? Read this post (

July 21, 2015 - 11:06 am
Member Since: November 18, 2013
Forum Posts: 96
sp_UserOfflineSmall Offline

Hi Guys

My name is Gurpreet and I have been selling fashion online for just over 3 years now using Magento and the M2E Pro extension. If you want more info then you can listen back to I think one of the first podcasts on this site:

I started selling in the UK and then rapidly started selling into Germany and the USA because of how easy Amazon and eBay make it for you! These days I must be shipping to well over 40 different countries per week through various online marketplaces.

As you know selling online is hard enough, selling overseas opens a whole new can of worms! Especially when it comes to your accounting and VAT liabilities. Using the PayPal monthly summary or the Amazon bi-weekly reports goes out of the window!! You now have to look at every single micro transaction individually, which means downloading full transactional histories, using excel, vlookup, pivot tables, amongst other things!! You need to consider currency exchange rates, shipping country destination, different government VAT/Tax rates, distance selling thresholds as well as where you house your stock!! Do you have stock in overseas Amazon fulfillment centres?! All of this affects how much VAT you should be paying! I did not consider any of this for a good 14 months of trading overseas, and I ended up paying £37,000 extra VAT to the UK HMRC!! It was a nice claim to get that money back, but it would have been much nicer had that money been in my month by month cash flow instead.

Now you can do it all yourself or get your accountant to do it, in either case its going to cost you some serious time and/or money to do it properly.

Well, this is where I can help you. After getting so frustrated with this additional burden of time and money on my business I decided to do something about it. Over the past 6 months, I have been working on which essentially does all of the above for you while you sleep or go about your day job (selling things online, not messing about with excel!).

In a nutshell (CBV) will sync with your Amazon sellling account through an API as well as your PayPal account and download all your transactions from day ZERO! Every single one! As well as the refunds. It will normalize the data, let you use reduced VAT rates if need be for certain items of stock, consider your distance selling thresholds and let you know if you break through any…I could carry on for a while here but I will stop!

Right, now to the point, my software is ready to be tested with a few triallists. I have been using my own data till now, and have got as far as I can with it.

I am looking for 5 online sellers, that use both eBay and Amazon, you must obviously sell overseas as well. If you are interested please reply to this thread, and I will be in touch with the next steps.

Happy Selling


The following users say thank you to Gurpreet for this useful post:

Dave Furness

take one step and be greeted with a thousand


September 25, 2015 - 9:18 am
Member Since: June 11, 2015
Forum Posts: 35
sp_UserOfflineSmall Offline

H Gurpreet,

Are you still looking for sellers to test your software?




September 25, 2015 - 1:33 pm
Member Since: November 18, 2013
Forum Posts: 96
sp_UserOfflineSmall Offline

Hi Carl

Many Thanks for your interest, we can always use more testers…

If you could contact me with your details, I will get in touch early next week.

Many Thanks


take one step and be greeted with a thousand


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