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Selling to MPB as a VAT registered business elsewhere in the EU
Selling to MPB as a VAT registered business elsewhere in the EU

Selling to MPB as a VAT registered business elsewhere in the EU

Kyra avatar
Written by Kyra
Updated over a week ago

If you are VAT registered in an EU country outside of Germany you will have VAT obligations when selling your items to MPB.

When you sell to MPB in the EU you are selling to our GMBH company, registered in Germany. In order to comply with our German VAT obligations we will need to make some changes to the offer that we make for your items if you are VAT registered.

The price we are able to offer you as a VAT registered seller will be reduced by the German VAT rate, currently 19%.

Example:

We initially offered €119 for your item. If you let us know you are VAT registered we will update your offer to €100 + VAT for the item.

Under EU reverse charge rules you will not be required to collect the VAT due on the sale of your item to MPB. Instead MPB will make the declaration on your behalf.

Simply let us know in reply to the quote that you are VAT registered and the country of registration, and one of our account managers will register this on your transaction. Once this is confirmed we will proceed with your transaction and once your kit has arrived with us and been checked over we will ask you to send us an invoice itemising the items. Invoice requirements for VAT registered sellers in the EU.

In your email summary and my account section you will see the net amount (exclusive of VAT) for each item and in the selling totals.

You will receive payment for the net amount (exclusive of VAT) since you are not required to collect the VAT under the reverse charge rules.

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