EU and UK marketplace laws require marketplaces such as GOAT to be the “deemed supplier” when facilitating certain cross-border “business to consumer” (B2C) transactions of third-party sellers. GOAT is classified as an undisclosed agency for VAT purposes in both the EU and UK since GOAT acts as an intermediary between buyers and sellers. GOAT is deemed the supplier of goods to the buyer and is responsible for collecting, reporting, and remitting VAT to the relevant tax authorities for all applicable purchases made by an EU or UK buyer. In addition, GOAT is also responsible for facilitating purchases for non-VAT registered sellers and VAT-registered sellers under a “buy/sell” model.