3 ms·
What makes B2B simpler? Let's say the product was at same price point
by rnewme 2y ago
What makes B2B simpler? Let's say the product was at same price point
- jwr 2y agoYou basically don't deal with VAT at all: charge the net amount, mention reverse charge on the invoice and you're done.
- fhd2 2y agoExcept when selling to your own country. But there, VAT is easy. To expand a bit on the reverse charge procedure: It means the _buyer_ pays VAT. Which makes a lot of sense in B2B, since companies need to look into what local VAT they owe anyway. Adding the reverse charge invoices to that is easy. Not to mention that if they also sell goods or services, they'll end up paying little to no VAT anyway.