For UK and EU VAT purposes, GOAT Group acts as an undisclosed agent in the sale between you and the buyer wherein you sell your goods to GOAT Group and GOAT Group then sells these goods to the buyer (the “buy/sell model”).
Under the buy/sell model, UK and EU VAT-registered sellers should price their inventory exclusive of VAT as GOAT Group will automatically calculate and add the applicable VAT to the item's list price when shown to the buyer.
Depending on your location and which warehouse your items are shipped to, GOAT Group may also issue an additional VAT payout to you should the transaction accrue VAT. For example, if you are a VAT-registered seller in the Netherlands and you ship to our Netherlands facility, you will receive a self-billed invoice that includes the 21% VAT rate applicable in the Netherlands. For each transaction completed, you will receive a separate line item payout for VAT, net of commission and seller fees.
You are required to remit all VAT payouts received from GOAT Group to your local tax authority as it is your obligation to collect and remit VAT on sales made to GOAT Group under the buy/sell model.
GOAT Group will collect and report any VAT payable on a sale to the buyer. You do not need to do anything regarding this part of the sale.