I have finally obtained my professional status on Vinted.
It took a little while, but everything is done: professional bank account / professional Vinted account / INDY account for accounting. And precisely, I have questions about this last point.
I just made my first sale as a professional. So a game controller for €10.
Now, in terms of accounting, should I enter a revenue line in INDY? Should I do it for each sale or once at the end of the month? And for the value in my accounting, should I enter €10? €10.5 for the extra cents received? Or the invoice value, meaning including shipping costs and the protection fee?
I’m answering my own question, but I think I found it ^^
Now I still need to know if I should declare my shipping costs or not. I find both answers on the internet, so…
The cents correspond to the VAT on shipping costs: Vinted uses us to pay it to the tax authorities on their behalf, so it must be declared to the tax authorities on the VAT CA3 return (even in micro-enterprise which is VAT exempt, so liable even if there is no VAT on turnover because it is below the thresholds).
The protection fees: you don’t need to worry about them, it’s a purely Vinted service.
Besides, with Clemz’s sales tracking, it automatically sends you invoices and you can extract a lot of information that makes all your declarations easier…
There are several threads open on these different topics
