Can I add my VAT number to invoices?

Yes, you can specify your VAT number on a profile page under "VAT Number" section. Please note, the reverse charge mechanism will be used.

The Reverse Charge Mechanism

The EU created the concept of Reverse Charging VAT in order to simplify trade within the Single Market. The Reverse Charge moves the responsibility for the reporting of a VAT transaction from the seller to the buyer of a good or service. This reduces the requirement for sellers to register for VAT in the country where the supply is made.  

When a transaction is subject to Reverse Charge, the recipient of the goods or services reports both their purchase (input VAT) and the supplier’s sale (output VAT) in their VAT return.  These two declarations offset each other from a cash payment point of view, but the authorities have full visibility of the transactions.

Most sales between EU member states will be subject to a reverse charge and there are also many instances where a domestic reverse charge rule exists within specific EU member states.

Source link: https://www.vatglobal.com

  • 0 Users Found This Useful
Was this answer helpful?

Related Articles

Terms of service

for Server Management Clients Last modified: 08 February 2016. "Service" refers to any service...

How to pay

You can purchase services from Poralix using one of several payment methods. A full list can be...

Refund Policy

Last Updated: April 2022. This page is an obligatory part of the Terms of Service for Server...

I've got an email with subject "Ссылка на чек" from you

Since July 2017 when you send a payment to us you may receive an email with fiscal receipts in it...

Privacy Policy

Last Updated: May 2018. Your privacy is very important to us, below explains the information we...