As of June 1, 2024, StockX acts as an undisclosed agent for UK VAT purposes, which affects how transactions are treated for UK sellers and UK buyers. UK sellers with a valid UK VAT identification number are required to register that number on StockX and complete a self-billing agreement. UK buyers with a valid VAT identification number may be eligible for benefits when purchasing as a business.
UK sellers: VAT registration
UK sellers with a valid UK VAT identification number are required to register that number through Persona, StockX's identity verification provider. You can add your VAT identification number in one of two ways:
- Access the Persona verification link in your Account Settings page.
- Enter the number when reviewing and placing an Ask.
Your account status will be updated upon completion.
UK sellers: self-billing agreement
UK sellers registered for VAT in the UK are required to agree to and comply with the self-billing agreement to trade on StockX. Under this agreement, StockX issues an invoice on the seller's behalf for each item sold to StockX. This invoice is known as a self-billing invoice and shows the items sold, the amount paid, and the VAT amount the seller is required to remit to His Majesty's Revenue and Customs (HMRC).
To access self-billing invoices:
- Navigate to your Selling page.
- Click "History," then "Export."
- A self-billing invoice will be generated and emailed to the address on your account.
Failure to complete the self-billing agreement will result in the suspension of selling features.
UK sellers: not VAT-registered
If you are not a VAT-registered seller, no further action is needed.
UK buyers: shopping experience
The shopping experience for UK buyers on StockX remains unchanged. For UK VAT purposes, items purchased on StockX are now considered a purchase from StockX as the seller.
If you are a UK buyer with a valid VAT identification number and purchase items as a business, add your VAT identification number to ensure you receive any applicable benefits. You can enter your VAT identification number through the Persona verification link in your
Account Settings page.
UK buyers: tax invoices
UK VAT registered buyers can access tax invoices for purchases made on StockX.
- Navigate to your Buying page.
- Click "History," then "Export."
- A file containing your tax invoices will be generated and emailed to the address on your account.
How VAT is charged on UK transactions
StockX acts as an undisclosed agent for UK VAT purposes only. As a UK seller, your item is deemed sold to StockX. As a UK buyer, your item is deemed purchased from StockX. StockX is responsible for collecting, paying, reporting, and remitting UK VAT on applicable transactions.
StockX adds output VAT to final payouts and invoices only for accounts with a shipping address in the United Kingdom and a valid UK VAT identification number.
How StockX uses your UK VAT registration number
StockX collects UK VAT registration numbers from sellers and buyers to accurately determine account status (business or consumer), the taxability of each item, and the type of supporting documentation StockX is able to provide. VAT registration numbers are not publicly available and are handled in accordance with applicable personal information regulations.
Impact on Asks
The StockX marketplace applies dynamic rates based on the locations of the buyer and seller. As a result, your Ask may appear as a slightly different amount on the product page. To list as the lowest Ask in your region, follow the "Earn More" pricing guidance. To list as the lowest Ask to a US buyer, follow the "Sell Faster" guidance price.