By law, Training Nation is required to account for VAT on the Gross (total) amount of all sales. By uploading a product to sell through our platform you agree to split the Net (gross less VAT) selling price with us in a ratio of 15% to Training Nation, and 85% to you.
In practice, this means that if a product sells for £120, the breakdown is as follows:
Gross selling price: £120.00
Less VAT (due to HMRC): £20.00
Net selling price: £100.00
Net to Training Nation: £15.00
Net to YOU the trainer: £85.00
Please keep this in mind when entering the price you wish to receive. The pricing calculator will automatically provide a complete breakdown of the sale in a clear and easy to understand way. If you have any further questions, please refer to our terms & conditions, alternatively, feel free to contact us directly using our contact form.