Sector
Sales across three platforms, stock in two places and VAT in four countries. We can read it.
For online sellers, marketplace traders and high street shops that need the numbers to match the payouts.
What makes retail different
The bank feed never matches sales
Marketplace payouts arrive net of fees, refunds, advertising and sometimes currency conversion, so the amount in your bank is nothing like the sales you made. Treating the payout as revenue understates turnover and can hide a VAT registration obligation.
Stock ties up cash and has to be counted and valued at the year end. VAT depends on where the customer is, whether a marketplace collected it and whether you sell goods or digital products. Margins are thin and only visible with product and channel level reporting.
Who we act for
Every kind of retail business
Marketplace sellers
Amazon, eBay and Etsy, where the platform collects, deducts and sometimes accounts for VAT.
Shopify and direct to consumer
Own site sales with Stripe, Klarna and PayPal all settling differently.
Wholesale and multichannel
Selling through several routes at once, where margin differs by channel.
High street shops
Point of sale reconciliation, daily takings and stock control.
What we handle
Reconciliation, stock, VAT and margin
Marketplace and payment gateway reconciliation using A2X, Link My Books or a direct integration, so revenue, fees, refunds and VAT all land in the right place instead of one net figure.
Stock valuation and cost of sales, so gross margin is real rather than a guess. UK VAT including imports, postponed VAT accounting and marketplace collected VAT, with EU and international registrations arranged through partners where they are needed.
Gross margin and channel profitability reporting, cash flow forecasting around stock purchases, and point of sale integration for physical shops.
Packages
- Sole Trader Plus £69 a month for smaller sellers
- Company Growth £179 a month
- Company Premium £299 a month for higher volumes
- Cloud set up and integration from £150
Your VAT threshold is gross sales, not payouts
Because marketplaces pay you net, plenty of sellers cross £90,000 of taxable turnover months before they notice. We track gross sales so registration is planned rather than backdated.
Questions
Frequently asked
Why do my sales never match my bank?
Because platforms pay you the net of sales less fees, refunds, advertising and sometimes VAT. Reconciling properly means splitting the payout back into its parts, which is what the integration tools do.
Who accounts for VAT on marketplace sales?
It depends on where the goods and the seller are. For many overseas sellers and some UK arrangements the marketplace is deemed the supplier and accounts for VAT itself. The treatment must match reality or the return is wrong.
Do I need to value stock?
Yes, at the year end, at the lower of cost and net realisable value. Without it, cost of sales is wrong and so is your profit.
What is postponed VAT accounting?
It lets you account for import VAT on your VAT return instead of paying it at the border and reclaiming later, which helps cash flow considerably on imported stock.
Can you report margin by product?
Yes, where the platform data supports it. Channel and product margin reporting is included in Company Premium.
Speak to someone who knows retail
Book a free 30 minute call and we will tell you what matters for your business and what it would cost.
Or just pick up the phone
+44 7456 385980info@taxmesh.co.uk
