Yesterday we covered how the flow of invoices and funds work on 3D Hubs and today we're going to tackle The invoicing process for the service fee from us to you, our Hubs.
Let's dive right in!
We provide for all* paid orders a service fee invoice. This service fee is indicated on the order page, as shown here:
The picture below is an example of what a non-business Hub receives. As you can see the total mentioned on the invoice equals the service fee on the order form (see picture above).
VAT on Service Fee invoices
All service fee invoices related to orders that are created before 1 July 2015 have 21% Dutch VAT included, as we provide a general service to Hubs (not an electronic service that is charged with local VAT).
Since 1 July 2015, we use the reverse charge mechanism. What does this mean:
You can register as a business hub on your hub dashboard, if you are located in the European Union, don’t forget to provide your VAT number. If you have a business in the European Union, but you are not VAT registered, for example if you are self-employed, you cannot subtract VAT from your taxes, and therefore we will need to charge 21% Dutch VAT.
And that's not all! Tomorrow will continue discussing receipts/ invoices to customers, so stay tuned ;)
In the mean time, if you have any questions, feel free to comment below.
UPDATE: Click here for Episode 3: Receipts/Invoices to Customers