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    Year 2021 VAT adjustments

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    • nebulon
      nebulon Staff last edited by girish

      Hi all and a happy new Year!

      Since the UK now left the EU market, we now don't collect UK VAT anymore. This means we have removed all taxes for upcoming invoices on our UK customers.

      Also Germany increased its VAT back to 19% (it was temporarily lowered to 16% due to Covid-19) this means our German customers will see that reflected in their upcoming invoices.

      jdaviescoates 2 Replies Last reply Reply Quote 4
      • jdaviescoates
        jdaviescoates @nebulon last edited by

        @nebulon said in Year 2021 VAT adjustments:

        This means we have removed all taxes for upcoming invoices on our UK customers.

        Heh, you've managed to find/ create the singular good thing about Brexit - my Cloudron invoices will be 20% less! 😆

        I use Cloudron with Gandi & Hetzner

        marcusquinn 1 Reply Last reply Reply Quote 2
        • jdaviescoates
          jdaviescoates @nebulon last edited by

          @nebulon said in Year 2021 VAT adjustments:

          since our company revenue is too small to be required to do so.

          Out of interest, what is the VAT threshold in Germany? I would've assumed you were over it given you seem to be doing very nicely 😄

          I use Cloudron with Gandi & Hetzner

          girish 1 Reply Last reply Reply Quote 0
          • girish
            girish Staff @jdaviescoates last edited by

            @jdaviescoates AFAIK, the threshold is 100k EUR which we are well over. I removed it for now from the original post to avoid any confusion. @nebulon does all taxes and stuff, so he knows better than me here.

            1 Reply Last reply Reply Quote 1
            • nebulon
              nebulon Staff last edited by

              Since we are a GmbH registered in Germany and thus EU, we are not exempt from taxes within the EU.

              The UK threshold I am referring to is https://www.gov.uk/vat-registration we don't currently sell as much to the UK market to get above that threshold. Since Brexit is still new this might change with more information coming in, but so far we will be treating UK customers tax wise same as other non-EU customers.

              jdaviescoates 1 Reply Last reply Reply Quote 3
              • jdaviescoates
                jdaviescoates @nebulon last edited by

                @nebulon ah makes sense, thanks

                I use Cloudron with Gandi & Hetzner

                1 Reply Last reply Reply Quote 0
                • marcusquinn
                  marcusquinn @jdaviescoates last edited by

                  @jdaviescoates Technically 16.666667% less, since VAT is added to the Net amount.

                  Quick reverse calculation from Gross to Net is /1.2

                  We're not here for a long time - but we are here for a good time :)
                  Jersey/UK
                  Work & Ecommerce Advice: https://brandlight.org
                  Personal & Software Tips: https://marcusquinn.com

                  1 Reply Last reply Reply Quote 0
                  • marcusquinn
                    marcusquinn last edited by

                    Effectively the UK can now do what Jersey (where I live and has always been outside the EU) has done for years.

                    Europe I LOVE! The EU, well, we'll leave that for the remaining members to decide what works best for all — which I expect still needs some work given the variety of economies and industries.

                    Anyway, not to distract — great job being on top of the accounting!

                    We're not here for a long time - but we are here for a good time :)
                    Jersey/UK
                    Work & Ecommerce Advice: https://brandlight.org
                    Personal & Software Tips: https://marcusquinn.com

                    1 Reply Last reply Reply Quote 1
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