Amazon’s European site is still one of Amazon’s larger sites, covering a total of five sites, namely Germany, the United Kingdom, Italy, Spain and France. The UK site is also the only site in Europe that uses English, so it has attracted many domestic sellers to register. How to open a site on Amazon’s UK site is also a topic of concern to many novice sellers. The following is a brief introduction to this issue, hoping to be helpful to everyone.
Explanation of the cost of opening a store in the UK.
1. What is the monthly rent? The monthly rent of Amazon’s UK site is 25 pounds, and the rent in the other four European countries is also 25 pounds.
2. About taxes? If you have inventory in the UK, and sell in the UK and the sales in the UK exceed the VAT threshold of 85,000 pounds, you still need to register VAT.
3. Brand fees? If you want to register a brand for a product on Amazon’s UK site, the general cost is about US$1,200.
4. Sales fees? Amazon’s UK site will charge buyers a certain amount of actual payment based on the seller’s sales, which includes product prices, shipping costs or packaging fees, etc. Individual sellers need to pay Amazon for all products sold on Amazon, but if they are professional sellers, the platform provides gift packaging services.
5. What are the fees for Amazon FBA? If the seller chooses Amazon FBA, the platform will of course charge a certain fee. For inventory stored for 6 months to a year, a long-term storage fee of 500 euros per cubic meter will be charged for a half-year cycle. ASIN single products are also subject to long-term storage fees.
6. What platform service fees does the Amazon platform need to charge? If it is a professional sales plan, it will be charged 39 euros per month. If it is a personal sales plan, there is generally no service fee. At the same time, for professional sales plans, there is generally no per-item fee. If the product is sold through the Amazon German website, the fee for each item will be 0.99 euros.
7. VAT taxes and fees for Amazon UK? The standard tax rate in the UK is 20%, of which the import VAT can be deducted from the sales VAT. Currently, the UK’s VAT number does not need to be reviewed annually. Sellers only need to file a VAT declaration, settle tax refunds and pay taxes to the UK’s HM Revenue and Customs every quarter.