VAT and your sale to MPB

When you sell equipment to MPB, the price we quote is inclusive of VAT where applicable.

The current standard rate of VAT in the UK is 20%.

If you’re VAT-registered and obliged to charge VAT when selling your gear to MPB, the price we initially quote covers the total transaction value, including VAT.
If you’re not VAT-registered, VAT won’t apply and your quote will simply reflect the full amount we’ll pay you.

Example

We initially offered £120 for your item. If you let us know you are VAT registered we will update your offer to £100 for the item + £20 VAT.

Steps for selling to MPB as a VAT-registered business

1. Request a Quote

Start by submitting your gear for valuation at mpb.com. You’ll receive a quote showing the gross value

2. Tell Us You're VAT-Registered

Once your quote has been created, please respond to quote confirmation email, or you can contact our account managers directly as used@mpb.com to inform us:

That you’re VAT-registered
Your full VAT number

3. We Amend Your Quote

Once your VAT ID is added to your profile in our system:

MPB will still pay you the gross total
MPB will require an invoice detailing ex VAT, total VAT and inc VAT amounts
All MPB quotes marked as VAT will only show EX VAT (net) pricing once the quote has been booked for a courier
The final quote will also be displayed in net (ex VAT) values

For a breakdown in VAT pricing on your items please get in touch with your Account Manager or Customer Experience Advisor

4. Ship Your Gear to MPB

Once you've booked your quote and confirmed your VAT details we’ll provide you with a prepaid shipping label. You can choose between courier collection from your address or dropping off your gear at a designated parcel/post station, depending on your location

5. Submit a VAT-Compliant Invoice

After we’ve reviewed and accepted your gear, you’ll need to submit to used@mpb.com an invoice so we can process payment.

Your Invoice must include:

Required Fields	Notes
Transaction Reference	E.g. TX-UK-1234567
Your name and address	Your Full Name & Trading Name (Including Address)
Your VAT number	Your VAT number in full
Invoice date and number	Date of invoice and applicable number
Description of the item (eg. Canon 5D III) of each item (or quantity)	Breakdown of items of which you are selling to MPB, including condition
Net Value (ex VAT)	The overall value of the transaction excluding VAT
The total VAT charged and the rate (i.e 20%)	The total VAT charged on this transaction (i.e 20%)
Total value of items of which are being sold including VAT	Total value of items that are being sold for including VAT. This should agree with the MPB quote.
Bank details	BACS payment details or SWIFT/IBAN for international payments