Seller Spring / Tools

Temu VAT for UK sellers

Seller Spring Settled turns your Temu settlement reports into a VAT working paper, with a figure for each of the nine boxes on the UK VAT return. It reads and sorts the reports in your browser, so your financial files never leave your computer.

Settled is coming soon. It prepares working papers for you or your accountant. It does not file your VAT return.

The problem with Temu settlement reports

A Temu settlement report is one long list that mixes sales, refunds, fees, shipping labels and incentives. Each line carries its own tax columns, and some lines are outside VAT altogether. Working out the VAT position for a quarter from that list by hand takes time and is easy to get wrong.

Settled sorts every line for you. Sales and delivery go into the sales side of the return. Temu's service fees, advertising and return shipping labels go into the purchases side. Policy charges, which carry no VAT invoice, are kept out. The guide to the Temu settlement report shows which column feeds which box.

How it works

1. Download your settlement reports from Temu Seller Center.
2. Settled reads and sorts them in your browser. Your financial files never leave your computer.
3. Download a working paper for each month, rolled up into your VAT quarter, for your accountant or bookkeeping software.

What you get

• A VAT working paper for the period, built line by line from your report.
• Figures for the nine boxes on the VAT return, from VAT due on sales in Box 1 to the value of purchases in Box 7.
• Checks that the journal ties back to the report's own total, and notes on anything Settled could not place with confidence.
• A monthly working paper, rolled up into your VAT quarter.

Accounting packages

Settled is being built to export into Xero, Sage 50, QuickBooks and FreeAgent. We will list the accounting packages we have tested when Settled launches. Until then, treat that list as a plan, not a promise.

Your data stays in your browser

The calculation runs in your browser. Settlement data is not sent to Seller Spring's servers. You can hand the working paper to your bookkeeper without handing over your report through us.

What Settled does not do

• It does not file your VAT return with HMRC. It produces the figures and the working paper.
• It does not replace your accountant. The treatment follows HMRC guidance as documented for Settled, and you should confirm your own position with your accountant.
• It is built for the standard VAT accounting method. Flat Rate Scheme and cash accounting sellers should check with their accountant before using the figures.

Who it is for

Settled suits UK sellers who file their own VAT and have grown past doing it in a spreadsheet, and bookkeepers who look after Temu sellers. The who it is for page covers how each type of seller uses the tools.

Price

Settled is £14 a month on its own. It is also included in the Seller, Growth and Managed plans. Every plan starts with a free 14-day trial and no card is needed, and you can cancel any time. A Temu referral code gives your first month free from the day you activate it.

Hear when it opens

To be told when Settled opens, use the form on the home page. See pricing for the plans. If you are also getting listings onto Temu, the free file check at /check is the place to start.