As of July, 2021, marketplaces such as SidelineSwap are liable to collect, report and remit the VAT (value-added tax) for buyers located in the European Union. SidelineSwap will collect VAT upfront, from checkout on all orders less than or equal to €150. All orders over the €150 threshold will have import VAT collected upon delivery to their address in the EU.
The amount of VAT that the user pays is determined by the cost of the product. On SidelineSwap, the buyer will see this cost at checkout and will not be charged until they purchase the item. In the event of a swap cancellation, the buyer will be refunded the full cost of the order, including shipping and tax.
Click here learn more about SidelineSwap's obligations as a marketplace facilitator.