Hi
Can anyone tell me the tax/VAT implications for the dropshipping business model in Ireland.
For example, I want to run an ecommerce website based on Dropshipping.
I would not hold any products. I would take the orders and receive payment online. I would then order that product from a 'dropshipper' who would be a wholesaler who ships that product directly to the customer.
As I have not bought the product, but rather act like an 'agent' for the product, I was wondering would the applicable VAT be the service rate of 13% rather then the product rate of up to 23%.
Thanks in advance for any help
Can anyone tell me the tax/VAT implications for the dropshipping business model in Ireland.
For example, I want to run an ecommerce website based on Dropshipping.
I would not hold any products. I would take the orders and receive payment online. I would then order that product from a 'dropshipper' who would be a wholesaler who ships that product directly to the customer.
As I have not bought the product, but rather act like an 'agent' for the product, I was wondering would the applicable VAT be the service rate of 13% rather then the product rate of up to 23%.
Thanks in advance for any help