incorrect VAT on Etsy invoices

[TobyandBeeLondon]

Hello,

I have been wondering for many months why the VAT element on Etsy's monthly invoices to sellers (for fees etc) is incorrect.

Every invoice I have download from Etsy shows an incorrect VAT amount. Surely the VAT should be 20% of the net value (I am based in the UK). However, it is always wrong. Sometimes by a few pence, sometimes by several pounds. I'm finding it difficult to balance my books because of this but also I am astounded that a large company such as Etsy can get away with issuing incorrect VAT invoices every single month. 

I have read several threads already regarding sellers struggling with Etsy's complicated bookkeeping, so I am aware of several issues raised regarding this but I have not been able to find a thread on incorrect VAT invoices.

Any tips regarding bookkeeping? For my tax return, should I log the invoices as they are, i.e. with the wrong VAT and therefore the wrong total? Or should I calculate the correct VAT based on the net total? 

Any help is much appreciated.

Thank you,

Barbara

[DiddlesAndPuds]

Did you have any joy with this? Experiencing the same issue. Etsy's VAT invoices show incorrect amounts to the dashboard and even within themselves have incorrect calculations e.g. Subtotal = 696.87, 20% should be £139.37 but they have it as £139.72.

I realise in that example its only pence but in other scenarios it's pounds worth of difference and like the original poster I'm astounded that Etsy is this bad!

[UKArmor]

https://www.etsy.com/in-en/UKArmor/listing/1484071832/medieval-crusader-helmet-templar-knight?utm_so...