This is surely very bad news:
"Are you based in the EU (European Union) and selling on the Discogs Marketplace? Read on.
As you probably know, the EU has updated its VAT (Value Added Tax) policies to include third-party services. This means that we are held accountable for ensuring that sellers in the EU are taxed appropriately for the VAT. Starting this summer, we will add the VAT charge for your country onto your sellers fees.
All VAT fees will be assessed to the 8% Discogs Sales fee. There will be a separate line item on your invoice labelled "VAT fee".
Does this mean (for UK) they are going to stick 20% on as VAT fee, and not only that - going to include that in calculation the 8% sales fee? This is going to hurt isn't it?
"Are you based in the EU (European Union) and selling on the Discogs Marketplace? Read on.
As you probably know, the EU has updated its VAT (Value Added Tax) policies to include third-party services. This means that we are held accountable for ensuring that sellers in the EU are taxed appropriately for the VAT. Starting this summer, we will add the VAT charge for your country onto your sellers fees.
All VAT fees will be assessed to the 8% Discogs Sales fee. There will be a separate line item on your invoice labelled "VAT fee".
Does this mean (for UK) they are going to stick 20% on as VAT fee, and not only that - going to include that in calculation the 8% sales fee? This is going to hurt isn't it?
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