Re: Is VAT on Irish Shopify Payment Fees Reclaimable from Revenue?

Is VAT on Irish Shopify Payment Fees Reclaimable from Revenue?

Chimevault
Shopify Partner
13 0 6

Is the VAT on Irish Shopify Payment Fees Reclaimable from Revenue?

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If so where are the summaries or invoices of these taxes.

 

 

Replies 4 (4)

George1993
Visitor
2 0 1

the VAT on the shopify expense is called input. The VAT you charge your customers is called output VAT. When you file your VAT return, you deduct input VAT from output VAT and pay the difference. If input VAT is great then output VAT, you will get a VAT refund.

Chimevault
Shopify Partner
13 0 6

George, thanks for the reply but it doesn't answer the question.

lenscap
Excursionist
34 0 13

@Chimevault 

You can get a statement showing Vat on transaction fees.

Go to Home - View All Payouts - Documents - Tax Documents - then select the month and then download PDF.

That should do it for you.

Is that what you were looking for?

Chimevault
Shopify Partner
13 0 6

It is thank you very much @lenscap 

 

From what I understand these fees include VAT for Shopify stores based in Ireland but not in the UK.