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Do you have to pay VAT after receiving Stripe payouts?

jabo291k · 2021-05-13 15:54:39

Hi, Just wondering, after speaking to Stripe, does Stripe automatically handle VAT for you or do you have to get an accountant to sort it yourself? Thanks

13-05-2021 3:54pm

#1

jabo291k

Registered Users, Registered Users 2 Posts: 1 ✭

Join Date: May 2021

Posts: 0

Hi,

Just wondering, after speaking to Stripe, does Stripe automatically handle VAT for you or do you have to get an accountant to sort it yourself?

Thanks

0

Comments

#2 17-05-2021 9:14am

Uncle Pierre

Registered Users, Registered Users 2 Posts: 1,617 ✭✭✭

Join Date: January 2020

Posts: 1582

I recently set up Stripe to take payments for my GAA club. Have just received our first payout, and the statement shows that Stripe took VAT on top of the regular transaction fees. Presume the same would apply in a business scenario. Hope this helps.

0
#3 17-05-2021 9:15am

eusap

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Join Date: January 2007

Posts: 621

Stripe will only charge you VAT on there transaction fee, it is up to the seller to account for Tax and VAT on there sales

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