Quote:
Originally Posted by stag44
This old chestnut again:
If you are operating from the EU then you can only sign up to ccBill EU.
If your revenue is above a certain threshold then you must register and charge VAT on EU sales (not on sales to the rest of the world). You can elect to register voluntarily if your revenue is below the threshold level.
If you are registered then you can reclaim the VAT you have paid on EU purchases.
ccBill do not retain the VAT element of your sales. They pay you the gross amount less processing fees.
EU directive 112 does not apply. I dont know where you have plucked that one from. If you are in the EU and registered for VAT then you pay it on all EU sales - Period!
Dont believe a lot of the bullshit spouted on here.... if in doubt get an accountant to check it out.
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However:
- members that signup send their money to CCBill US, not CCBill EU. So they are not paying any VAT.
- Wires and Cheques are sent from CCBill US(BOA account).
So here's how I see it: members signs up, pays to an american company(so no VAT), american company pays you money, not the member.
It's all a bit grey.