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About Michelle_Berlin

  • Birthday 03/27/1985

Profile Information

  • Location Berlin
  • Nationality American
  • Gender Female
  • Year of birth 1980
  1. Help with a few VAT questions

    Hello,   I had a few questions about VAT and was hoping someone could help me with a few questions.   Some info about my business: Online marketplace (multivendor) selling subscription fees to sellers to list their products on my site and also charging a 5% commission fee based on the sales they have made on my site. -All sellers are within the EU (and responsible for their own VAT obligations & TOC for selling their products). -My business will be: sole proprietorship, not registered in the Handelsregister  & expecting to make under € 10,000 for next 2 years.   My questions: Must I charge VAT on the % of commission sales? Does this matter if the seller already has charged VAT for selling their product or not? Is there a special VAT rate % for digital services? Since I will be below the threshold (for selling subscription plans + commission % fee) for countries in the EU, do I still need to charge VAT & register with MOSS since I am selling cross border? *If yes, do I charge them all German VAT or VAT of their countries? This will be a side job for me as I already have a part-time job with an employer. Does this mean when I file my taxes every year, I must combine my earrings with my online marketplace + part-time job or will these be kept separate? Also if combined, does this amount get put towards the threshold of the amounts for my online marketplace?   Thanks for your help!   Best, Michelle
  2. Upcoming EU VAT deemed supplier rules

    Hello,   I read the article EU July 2021 marketplaces VAT deemed supplier rules and have a few questions to see if my company is a deemed supplier marketplace or not. Unfortunately there's not so much info online about these new upcoming rules atm. Would someone be able to tell me if my company is seen as a VAT deemed supplier?   Info about my company:   My company is a multi vendor online marketplace where independent sellers (only in the EU) pay a membership fee to list their items via the website site and I also charge them a 5% commission fee from their sales.   How it works: 1. Seller buys a membership plan to list their products on the site 2. Seller sells their products and it’s their responsibility to charge VAT (to the customer) on their products or not 3. When a seller makes a sale, it is done via payment gateways (Stripe connect) and the money from the sale (minus the 5% commission fee) goes to the seller’s Stripe account.   The online marketplace does: Payment processing; <—— the site uses Stripe connect, so does my company do it or is it in fact Stripe connect? Listing or advertising the goods;   The online marketplace does not: Controls the terms and conditions of the sale; <——sellers are asked to state their own TOC Authorises the charge to the customer in respect of the payment for the supply; and/or <——Not to sure about this one, I allow buyers to pay with Stripe’s gateway but I am not sure if that means I authorise the charge? Orders or delivers the goods. <——The seller is responsible for this   Any help is greatly appreciated!   Best, Michelle