Dale Alan
member
- Joined
- Jul 25, 2017
- Messages
- 865
The link posted by Dale Alan in post #28 has the answer. I think. What it amounts to is that not only does the buyer have to pay a tax on what they bought which I understood but also the seller is being taxed on the amount of money they got for the sale. Once again GB is not billing the buyer taxes twice. They are billing the buyer taxes and the seller taxes.
The taxes the seller paid came to me and those are included in my Final Value Amount that I knew I had to pay to GB. No problem with that. Then today I got another bill from GB telling me as the seller also have to pay taxes on the items I sold.