Financing, tax rates, and accounting
Is the VAT on Irish Shopify Payment Fees Reclaimable from Revenue?
If so where are the summaries or invoices of these taxes.
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.
George, thanks for the reply but it doesn't answer the question.
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?
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.
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