HostShop: Tax Settings
If you operate as a business, then it is likely you will need to configure your tax settings in HostShop. HostShop provides easy configuration of your tax requirements through the Tax Settings page.
Invoice Address
If you wish to display a different address than your 20i account address for your HostShop invoices, you can change that here. This is often done if your registered office differs from the location of day-to-day operations, as well as for privacy. Some countries require the address on the invoice to be the registered office of your business. It is strongly advised that you check your country's rules before changing this setting.
UK Company VAT Number
If you are a registered company in the UK, and have a VAT number, you can enter this within the tax settings to ensure the correct sales tax is applied to all purchases. The VAT number should be registered to the company name set in your contract details. Once a VAT number has been set, sales tax is automatically applied to all purchases.
Note: If you are not VAT-registered, the prices of the domain names listed do not include VAT. This is because the markup suggested does not include the VAT we charge you on the domain.
Sales Tax Rate
If the country set in your contact details is not part of the European Union, then you must enter your country's sales tax rate manually. This ensures that your country's sales tax rate is automatically set.
US Sales Tax
HostShop includes an integrated U.S. sales tax solution, so you don’t need to manually configure tax rates at checkout. Because each U.S. state has its own sales tax rate, and those rates can change over time, HostShop automatically applies the correct rate for each transaction. To ensure sales tax is calculated accurately, simply add each U.S. state in which you have a sales tax nexus.
Sales to Other EU Countries
You have the option to disallow sales to other EU countries. This is set to allow by default. If you do allow sales to other EU countries, but exceed the Place-of-Supply reporting threshold, you may be restricted from doing so if you are not registered with the EU VAT One Stop Shop.
The EU VAT Mini One Stop Shop (OSS) allows you to register once, file one VAT return and make one payment through a single online portal in the EU country of your choice. This offers an efficient means of complying with the EU rules, which state that supplies of digital services to consumers in other EU countries must follow VAT place of supply rules, where businesses must account for VAT in each member state where they supply services.
Custom Sales Tax Label
If you would like the sales tax label to be customised, you can set your own custom label. By default, the sales tax label is "VAT".
