How do I handle taxes and VAT on my sales?

How do I handle taxes and VAT on my sales?

BUY.gy collects VAT on the vendor's behalf and remits the amount, in full, on the next payout date. Each product is classified as taxable (VAT) or non-taxable (No VAT) at the time of creation of the product listing. Please note that all prices are VAT inclusive. 

The following determinations are made that affects VAT on checkout:

• If a product is taxable and the vendor is registered for VAT then the customer is charged VAT at the time of checkout. 
• If a product is not taxable but the vendor is registered for VAT, then no VAT is charged to the customer. 
• If a product is taxable and the vendor is NOT registered for VAT, the customer is charged the amount specified by the vendor, with no VAT applied.

If you notice a product that is incorrectly classified as either taxable or non-taxable, please contact us so we can have it corrected.