As a VAT-registered seller, your sales on GOAT will be treated as a “business to business” (B2B) transaction where GOAT is the purchaser under the “buy/sell model.” In order to be recognized as a VAT-registered seller and to receive instructions on how to properly invoice GOAT for B2B transactions, please reach out to email@example.com for more guidance.
Depending on your location, your transactions will either be recognized as a (i) zero-rated sale for intra-community sales, or (ii) VAT-inclusive listing price for you to properly report and remit on your returns. GOAT is not responsible for collecting, remitting, and reporting VAT charged to us by VAT-registered sellers.
GOAT’s responsibilities are solely limited to (i) collecting, reporting and remitting VAT to relevant tax authorities that have been collected from the ultimate buyer (subject to certain exceptions), (ii) paying VAT for any applicable purchases from VAT-registered sellers under the buy/sale model (i.e., as included in the listing price by VAT-registered sellers), and (iii) providing necessary information to applicable VAT-registered sellers to support zero-rated sales.
GOAT does not provide tax advice and you should consult with a tax professional if you have any further questions.