Shopify VAT: Accounting experts share what you need to know

Navigating VAT on Shopify can be complex, as merchants must keep up with varying rates, ensure correct tax collection, and maintain detailed records for compliance.
Watch this video featuring Oliver and Steve Blackmore from Elver E-commerce Accountants to learn what Shopify merchants need to understand about VAT.
Get in touch:
- Get in touch with Elver E-commerce Accountants - www.elverecommerceaccountants...
- Get in touch with A2X - [e-mail]
00:00 Shopify VAT Simplified: Accounting Advice from the Experts
01:27 Meet Elver E-Commerce Accountants
02:42 Agenda
03:38 Quick overview: VAT compliance for Shopify merchants
04:48 When do Shopify merchants in the UK need to register for VAT?
05:25 What do you need to do once you’re registered for UK VAT?
06:07 Special VAT schemes (Standard, Flat rate, Cash accounting, Annual accounting, Monthly returns)
14:11 VAT settings in Shopify
15:51 How to record VAT correctly
21:31 Paying VAT
23:22 VAT software
25:00 Selling internationally
30:58 Dropshipping
33:20 When do I need to register for VAT in the EU?
34:10 Can I reclaim VAT on business expenses?
35:16 What happens if I make a mistake in my VAT handling?
37:04 Get in touch with Elver E-Commerce Accountants
The information provided in our webinars and resources is meant to be general in nature. Please consult a certified expert to get advice for your specific business requirements.