VAT & 123 Reg Invoices
Value added Tax (VAT) at the current rate is added to 123 Reg invoices by default.As of 1st January 2015, owing to changes in EU Consumer law, VAT charges will vary based on the place of supply of the product or service purchased, and not the place of sale. This means that, where previously all 123 Reg sales included VAT based at a UK level, VAT will now be based on the country the purchase has been made from.
VAT & 123 Reg InvoicesThis FAQ will explain how VAT is charged on 123 Reg invoices.
Below is a breakdown of the standard rate of VAT for each of the EU Member states.
Please note: Some countries do have States that employ different VAT rates, however at this point we do not support this, and will calculate VAT at a national level.
|Member State||Standard Rate (%)|
How to add your VAT number to your 123 Reg Account:
Step 1 of 3First, access your 123 Reg Control Panel.
Step 2 of 3Scroll down to the Account Management section and click on the Update personal information link.
Step 3 of 3You will now see an area allowing you to insert your VAT number. Once complete, click the Save button.