eBay now includes your postage inside your payouts rather than billing it separately. Here's how Link My Books treats it, and what to check for VAT.
What comes through
The only postage included in the eBay data we receive over the API is postage that's offset against your sales in the payout.
This postage appears in your settlements under eBay Fees > Shipping Labels and is posted to your eBay Fees account (LMB44 by default). If you'd like it posted to a separate account, see how to post shipping labels to a separate account.
Default VAT treatment: 20%
eBay doesn't tell us which postage labels are zero-rated, so by default Link My Books accounts for all postage at 20% VAT.
If most of your postage is zero-rated
If the majority of your postage is actually zero-rated, you should:
Change the postage VAT rate in your Accounts & Tax mappings to zero-rated, and
Make a manual adjustment for any postage that is 20%.
To see the split, check the actual VAT rates at the foot of your monthly eBay invoice, and adjust accordingly. Manual journals can be tricky — we recommend speaking to your accountant.
Disclaimer
The team at Link My Books are happy to provide technical assistance in applying tax rules to your Link My Books setup. We are not tax advisors, so this cannot be construed as tax advice. We highly recommend that you seek advice from a qualified accountant for your tax compliance.