VAT stands for value-added tax. It's a tax based on the consumption of goods and services that is commonly found in the EU and select other regions of the world. VAT is also known as JCT, GST, HST, SST, PST, RST or QST in some countries.

VAT may be charged to buyers on their purchases as well as to eligible sellers on their fees.

VAT for shops based in the EU

If you haven’t submitted a VAT ID to Reverb

For sellers in the EU who have not submitted a VAT ID to Reverb, applicable VAT will appear in the current balance on your monthly invoice.

You’ll receive a monthly statement on the first of the following month that includes a list of fees and how much you were charged on those fees during the prior month.

If you have submitted a VAT ID to Reverb

If you added your VAT ID to your Reverb account, you won’t be charged VAT on your fees. You will have access to statements starting with the month you added a VAT ID to your account that will show the fees charged to you in that month.

You should consult your tax advisor with regards to any VAT obligations as a result of the services you receive from Reverb.

Will I receive a bill from Reverb for VAT on fees?

Reverb provides VAT statements to sellers where VAT has been charged. The VAT invoices will appear on the first of each month for the previous month’s statement.

Each monthly statement contains a summary of fees assessed in the previous month. Invoices are based in the currency of your Reverb account.

You can access the statement by visiting your My Bill page. Once there, select the month to get an invoice for that period. Select Export to download a CSV file of the statement.

If you received a VAT credit during a month for a charge that was in a previous month, you will also receive a credit note along with your statement on the first of the month. For example, if you sell an item in June, and then refund the order in July, the VAT you were charged in June and refunded in July will be reflected in the credit note issued for July’s transactions.

Will VAT on fees information be accessible via API?

Yes. If you are an integrator, you can visit our API documentation Changelog to learn how API responses have been updated to display this new information.