Settings and Payment

This topic contains 5 replies, has 2 voices, and was last updated by  Stiofan O’Connor 6 years, 8 months ago.

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  • August 23, 2017 at 11:41 am #248

    adyp
    Buyer
    Post count: 496

    I have just upgraded to the new Payment Manager and Invoicing plugin and it is proving a bit of a challenge! (I must have missed the warning that I would have to master the EU VAT regime – and probably have to voluntary register for VAT in the UK in order to set it up properly!)

    Anyway, having set up Paypal Standard, Stripe, and Pre-Bank Transfers I have some questions:

    1. paypal standard settings ask for ‘PayPal Email’ – is this the same email that was used in the previous payment manager setting or something different? The old setting was for ‘Merchant ID’, which was an email address, but my own email address (set up for Paypal) and not one in the format myaccount@paypal.com, as is now requested? Can I just use the same email address or must I get another email address from PayPal? I have not been able to test this yet as I am having issues testing Stripe (see below).

    2. Pre-Bank Transfer – there is no setting now for Bank Sort Code. Is this an oversight? I have had to put this in the ‘instructions’ setting.

    3. I am testing payment for listings. I get to checkout but cannot proceed to payment, because I get a warning message: ‘Error: Please enter and validate your VAT number to verify your purchase is by an EU business’. There is no box to enter this (probably because I have set Same Country rule as NO VAT – since I am not VAT registered in UK, my home country, as I have not reached the VAT threshold).

    4. Given the very steep learning curve to setting this up, including entering various VAT rates and getting egistered for VAT, is there the option to turn off all tax calculations and checks from Invoicing? As it stands, the plugin is likely to prevent me receiving payments from UK businesses that are not VAT-registered (a large proportion of my target UK businesses). Until I figure how to set up this plugin (and voluntary register for VAT in UK!) I would rather not have it address tax – I am happy to have to manually account for VAT in the event that I sell any listings in the EU outside UK. I would have thought that the having the ‘Enable Taxes’ box unchecked would have this effect (it says ‘Check this to enable taxes on invoices’) – but this is not the case.

    It looks like a very well featured plugin, but it is doing my head in at the moment!

    August 23, 2017 at 11:43 am #249

    adyp
    Buyer
    Post count: 496
    This reply has been marked as private.
    August 23, 2017 at 2:54 pm #250

    Stiofan O’Connor
    Site Admin
    Post count: 22956

    Hello,

    Firstly we are about to so some releases so i’ll wait till they are out before loggin in to help.

    1. its your normal email u use for paypal.
    2. I’ll add a bug for that, you can add it to the instructions text.
    3. under tax, eu tax settings make sure u have disabled this “Enable VAT Rules”
    4. We are a UK company, if you are registering for VAT ONLY because of VAT MOSS then you don’t need to charge VAT to your UK customers until your UK income reaches the threshold, the whole EU vat laws are a mess and complicate everything, its the reason we created Invoicing.

    Thanks,

    Stiofan

    August 23, 2017 at 6:43 pm #251

    adyp
    Buyer
    Post count: 496

    Hi Stiofan,

    Yes, having looked into EU VAT it is quite a mess, to say the least.

    3. I have successfully tested Stripe for a UK submitted listing after making the change you suggested.

    Now I just have to get up to speed on EU VAT legislation, relevant GD Invoicing settings and then test for EU listing submission – fun times ahead.

    Re 4. – is it possible to turn off all tax components of Invoicing?

    Thanks,
    Adrian

    August 24, 2017 at 11:32 am #252

    adyp
    Buyer
    Post count: 496

    Having looked at EU VAT now I am happy to see proposals to allow (from Jan 2018) EU businesses below a 10k Euro/annum threshold to adhere to their domestic VAT regs. For UK micro-businesses like me (unregistered for VAT) this is a much preferable situation to having to register with EU VAT-MOSS (even with not charging VAT for UK customers) or with UK VAT.

    Practically speaking, I think Invoicing plugin has settings to cover this situation at the moment: i.e., not having to provide a VAT registration number, not having to add VAT to EU sales, not having to record (and keep) customer location for VAT purposes, not being obliged to ask for customer VAT registration number. Can you please confirm this? (I realise that until Jan 2018 I will have to avoid selling listings to non-UK Euro customers to as to avoid having to register and get dragged into the VAT-MOSS system!).

    One thing I am particularly keen to avoid is any requirement at checkout to provide VAT info in order to pay – many of my target customers will not be VAT-registered and I would still like to
    be able t accept payments from them.

    (I expect you are up with this, but there is also a proposed higher threshold of 100k Euros, below which only one piece of location info needs to be kept).

    Adrian

    August 24, 2017 at 1:34 pm #253

    Stiofan O’Connor
    Site Admin
    Post count: 22956

    I did not know about that new rule, but thats not a suprise, even the VAT MOSS direct helpline could not answer half my questions and my accountant disagreed with them until i had it in writing about not having to pay vat on uk sales until your uk sales reach the threshold…

    Anyway, i have just released a bunch of updates, update everything and you should be all good, if not let me know. And yes our current system can be set to account for that new rule when its out, you can just set it to not charge vat to the own country.

    Thanks,

    Stiofan

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