European Tax - VAT
If your business is based in Europe or you are offering events to European customers, it is important to be aware of the Value-Added Tax (VAT), which applies to countries in the European Union. Other countries in the world have a similar tax, but it goes by different names and is dealt with somewhat differently. For general tax-related questions on Corsizio, see the help doc: Charging taxes on events.
In this article
VAT for your event customers
- Go to the account Settings, and then select Payment Settings.
- In the Currency and tax settings, select your currency if you have not already. Each account can only be associated with one currency that applies to all events in that account. To learn about multiple currency needs, see Currencies accepted for online payments.
Fill in the
Tax default rate and
Tax label. You can always override these on an event-specific level.
Note: If you are not charging VAT and you need to make your attendees aware of this, you can leave the tax rate as zero and enable tax on the individual events, also with a tax rate of zero. This will visually show tax information on receipts, and inform your attendees that no tax was collected.
- Fill in your Tax business number / ID, which will be shown along with the tax rate on your customer's receipt, and optionally your Tax business address.
- When you have finished with this section be sure to Save payment settings.
- Next, enable the tax feature on your event(s) by going to Step 2 – Pricing & Payment when you are creating or editing any event that requires a tax.
Turn on the option to
Collect tax on payment to enable this for the event, and override the tax rate if needed.
When you are finished configuring this step be sure to
Save & Exit, or proceed to the next step.
Note: Your account Reports will provide a breakdown of all of your totals, including how much of your funds have gone towards any taxes. For accurate reporting, be sure to set up your event pricing accurately before you start accepting registrations.
VAT for you as a Corsizio customer
- If you enable usage billing to accept unlimited registrations and are located in Europe, including the United Kingdom and Ireland, use the reverse charge mechanism for your VAT remittance. You will not see any VAT or other tax charges on your billing invoice.
- If you accept online payments from your attendees on Corsizio via Stripe, neither Stripe nor Corsizio charges any VAT on the payment processing service fees. These fees are directly subtracted during the processing of the payment, and no invoices are issued for them.
Related tax information
- For more information about VAT, read the official European Union document on Charging and deducting VAT.
- For information about proper invoicing, read the official European Union document on VAT invoicing rules.
- For tax rate information, see VATGlobal's article on European VAT rates, formats, and thresholds.
- For UK-based companies officially recognized as charities, read the official UK government document on how to Claim Gift Aid online.