Information for Accountants
As a Tebex Checkout user based in the EU, you are not selling any items to end consumers (players), as such you have no Sales Tax / VAT to pay on the final purchase.
You are providing a service to Tebex Limited, in that you are licensing your content to us, and charging us royalties to allow us to sell the content to players. As per EU guidelines, you are providing this to a company outside of the EU, so no VAT should be charged by you - however you can still reclaim VAT on related expenses:
As the merchant of record, we are registered to pay VAT in the EU (through the non-resident VATMOSS scheme), and as such we will collect VAT from players in every EU country, and remit that to the relevant authorities as required. We are entirely responsible for this (as we are the ones selling the goods), and you do not need to advise anyone of this. In your accounting, your income is the royalties you charge us (which you can see invoices for in your Tebex Wallet that we prepare on your behalf), not the value of the sales to customers (as they are not your sales).
As a Tebex Checkout user based in the UK, you are not selling any items to end consumers (players), as such you have no Sales Tax / VAT to pay on the final purchase.
You are providing a service to Tebex Limited, in that you are licensing your content to us, and charging us royalties to allow us to sell the content to players. As we are a UK-based business, if you are VAT registered then you should charge us VAT on these royalties.
We still collect and remit the VAT from the sale of goods to players (since we are the party making those sales). As a convenience to you, we can will automatically calculate the amount of VAT to be charged by you to us on the royalties and add this to the weekly invoices generated in your Tebex Wallet. We will then remit the due VAT to you on a monthly basis for you to include in your VAT return and remit to HMRC.
In order to register as a VAT-registered seller in the UK, please contact our compliance department at [email protected], providing your VAT registration certificate and your business registration document if you are not already registered with a business wallet.
Please note, Tebex is only responsible for VAT and similar sales tax. You may be liable for other income, franchise or corporate taxes. You should consult your accountant to ensure that all taxes and income are correctly reported in your jurisdiction.