What are the European VAT implications for my sales on GOAT?
For UK and European Union (EU) VAT purposes, GOAT acts as an undisclosed agent in the sale between you and the buyer wherein you sell your goods to GOAT and GOAT then sells these goods to the buyer (the “buy/sell model”).
To adhere to this buy/sell model, UK and EU VAT-registered sellers should price their inventory exclusive of VAT as GOAT will automatically calculate and add the applicable VAT to the item's list price.
Please note that as a UK or EU VAT-registered seller, you are required to issue monthly invoices to GOAT, which should be sent to tax-invoices@goat.com. Invoices sent to any other email address will not be recorded. Failure to provide timely invoices may result in your suspension or removal from the GOAT Group platforms. Invoicing instructions (as set forth below) will vary depending on whether your products are being shipped to a local or non-local GOAT facility in the UK/EU.
Please note that GOAT Group is not a tax consultant. For specific questions on your invoices, please reach out to your tax advisor or accountant.
Invoicing and VAT Remittance Guidelines for EU/UK VAT-Registered Sellers Shipping to Local Facilities
If you are a VAT-registered seller and you ship your goods domestically to one of our facilities (i.e., the facility is located in the same country as where you are VAT registered), please include the VAT applied at your country’s tax rate for invoicing purposes only.
For example, if you are a VAT-registered seller in the Netherlands and you ship to our Netherlands facility, your invoice to GOAT should include 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 to your local tax authority as it is your obligation to collect and remit VAT on sales to GOAT under the buy/sell model. As noted above, GOAT 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.
Your invoices should be calculated monthly and sent to tax-invoices@goat.com.
When creating your invoice, please include the following information:
Date of Issue
Unique sequential number identifying the invoice
GOAT’s information:
Customer Name: 1661, Inc. dba GOAT
Address: 3433 W. Exposition Place, Los Angeles CA 90018 USA
GOAT VAT ID: Based on where you ship your goods, please choose one of the following:
-UK: GB 330456918
-Netherlands: NL 826259716B01
-Germany: DE 356598523
Seller VAT Information: Name, Seller VAT ID, Address
Description of quantity & type of goods supplied
The order number of each sale
Sold date (if different from invoice date)
Total gross value of invoice
Net Price Sold = List Price - Commission - Seller Fee
VAT rate % applied to Net Price Sold
-UK: 20%
-Netherlands: 21%
-Germany: 19%
VAT amount payable
Invoicing Guidelines for EU VAT-Registered Sellers Shipping to Non-Local Facilities
If you are a EU VAT-registered seller and export your goods to non-local GOAT facility (i.e., the facility is located in a different country from where you are VAT-registered), you are still required to issue an invoice to GOAT with VAT at 0% (zero-rated) and a description stating “Zero-rate VAT intra EU supply – Article 138 (2006/112)”, as this transaction qualifies as a B2B intra-community supply of goods.
If, for example, you are a VAT-registered seller in Germany and you ship your goods from Germany to our Netherlands facility, you should issue an invoice with VAT at 0% (zero-rated in Germany). If you are VAT-registered in the Netherlands and you ship your goods from the Netherlands to our German facility, you should issue an invoice with VAT at 0% (zero-rated in Netherlands).
Upon receipt of your invoice, GOAT will need to self-assess the VAT and report it to the relevant tax authority. GOAT 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.
Please note that German VAT-registered sellers shipping to the Netherlands facility will be subject to a higher seller fee.
Your invoices should be calculated monthly and sent to tax-invoices@goat.com.
When creating your invoice, please include the following information:
Date of Issue
Unique sequential number identifying the invoice
GOAT’s information:
Customer Name: 1661, Inc. dba GOAT
Address: 3433 W. Exposition Place, Los Angeles CA 90018 USA
GOAT VAT ID: Based on where you send your goods, please choose one of the following:
-Netherlands: NL 826259716B01
-Germany: DE 356598523
Seller VAT Information: Name, Seller VAT ID, Address
Description of quantity & type of goods supplied
The order number of each sale
Sold date (if different from invoice date)
Total gross value of invoice
Net Price Sold = List Price - Commission - Seller Fee
VAT rate applied at 0%
A description stating “Zero-rate VAT intra EU supply – Article 138 (2006/112)”
