Many of our customers have wanted an expansion of the VAT functions and now the time has come! It is with great pleasure that we present the two new functions to you today GeoDynamic VAT and Reverse Charge (B2B) before. These further developments allow you a variety of additional options to automatically adjust VAT based on your customers' country and/or to transfer the payment of VAT to your business customers.
GeoDynamic VAT
With this setting, edoobox uses the IP address to determine the country in which the person making the booking is located and adjusts the VAT rate directly. This means you can advertise offers for participants at home and abroad and at the same time correctly bill the VAT directly in the booking. You enter the VAT rates for each country that you want to offer and also set a standard VAT rate that the system can use if a country is determined for which no VAT rate has yet been stored. Read more here GeoDynamic VAT and find out the details about this feature.
Reverse charge
Reverse charge refers to the reversal of tax liability, whereby the company that provides a service does not pay the sales tax, but rather the recipient of the service pays the sales tax. This function is new in V2 and you have the option to activate the reverse charge individually for the desired countries. Please note that for countries outside the EU, you must legally check whether the reverse charge procedure exists in the respective country.
To use the reverse charge in the booking process, your customer must provide the VAT number different billing address be queried. Therefore, add the “Billing address” widget to the registration form via the design manager. Would you like to find out more about this? Then read the documentation Reverse Charge (B2B).
