Are you responsible for paying VAT yourself? Here's what you need to know

RecordFlower processes your payments through Stripe and pays you automatically. For the VAT payment on your sales, you as a seller are responsible. Here's what you need to know specifically.

Your own fiscal responsibility

As a seller through your own webshop, you are responsible for the VAT declaration on your sales. RecordFlower is a technical platform and does not act as a tax advisor. Whether you are liable for VAT depends on your situation: the legal form of your company, your turnover and the country in which you are located.

International sales and VAT

Do you sell in multiple countries? Then additional VAT obligations may apply, depending on the turnover per country and the applicable thresholds in the EU. Consult your accountant or tax advisor for your specific situation.

Your transaction data as the basis for your administration

Through your Stripe dashboard, you have insight into all your transactions. This overview is your starting point for your VAT administration. RecordFlower sends you a monthly invoice for your subscription, including VAT. The sales transactions themselves can be exported via Stripe.

**What does this mean for you?

VAT payment is your responsibility as a seller. Your transaction data is ready in Stripe - your accountant does the rest. Doubts about your tax situation? Consult a tax advisor.

Questions about how RecordFlower makes your transaction data available? Get in touch at recordflower.com.