Invoice and VAT?

Discussion in 'New Casino Affiliates Questions' started by danniee, Oct 17, 2018.

  1.  
    danniee

    danniee Affiliate Program Representative

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    So I have set up my own company (Sole proprietorship) and from my understanding (correct me if I'm wrong) I need to create invoices and save for future reference when declaring tax?

    Now, most affiliate programs don't need invoices and they will automatically pay commission to the bank account. What annoys me a bit is that I have to chase down aff managers and bug them about company info and VAT to put on my invoices. Some of them seem a bit confused and some don't even know the VAT so I'm starting to think this is not normal procedure?

    I'm based in northern Europe (EU) by the way if that makes any difference.
     
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    bettingappguide

    bettingappguide Affiliate Guard Dog Member

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    There are quite a few threads on this already on here, use the search function see if you can find them. A good accountant will be able to help as well but this is a pain in the ass for affiliates..
     
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    danniee

    danniee Affiliate Program Representative

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    Hello and thank you for the reply! It's a bit on a pain for sure, but I really want to get this right.

    I just realized that I can log into the affiliate account and export an invoice so that is probably how most affiliates do it?

    EDIT: and now I see that some do not offer the option to export invoices. Very complicated and confusing.
     
    Last edited: Oct 17, 2018
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    bettingappguide

    bettingappguide Affiliate Guard Dog Member

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    Yes but not all will show VAT on, some you have to invoice by yourself and add the VAT on.

    There is quite a bit about this too over on gpwa forum as well
     
  5.  
    danniee

    danniee Affiliate Program Representative

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    I've been searching for a while now and haven't really been able to find what I'm looking for. Was hoping for someone with a bit more experience to chip in.

    But I guess in some programs you can generate invoices automatically where all info will be available, and in others you can't. I noticed some programs have enabled "export invoice" in NetRefer while some have not. A bit confusing.
     
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    Biti

    Biti Affiliate Guard Dog Member

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    Reverse-charging VAT if you invoice within the EU, but now within your own country. For example Malta. That means 0% VAT, add on the invoice that reverse-charging applies and file it they way your tax authority wants it.

    Invoices outside the EU are without VAT. Invoices within your own country are with VAT.

    Most programs do this automatically.

    In every case, make sure you're having the correct company details of the companies you invoice.
     
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    Thomas Andreas

    Thomas Andreas Affiliate Guard Dog Member

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    Just to add a bit to Biti's well explained reply.
    #1 If you ARE a Swedish VAT payer and the company is a VAT payer - you will ADD VAT to the total amount. so if the commission is 100 SEK you will add the VAT. so 100 + VAT
    #2 If you are NOT a Swedish VAT payer but the company is a VAT payer. - You will NOT add VAT to the bill. so it will simply be 100 SEK
    however, in both cases, yes you have to chase the companies down as you should include the VAT number inside the invoice.
     
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  8.  
    danniee

    danniee Affiliate Program Representative

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    @Biti and @Thomas Andreas thank you for your kind help guys. What would I do without this forum and people like you!
     
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    awesamko

    awesamko Affiliate Guard Dog Member

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    Since you are creating sales invoices, you are adding VAT number. You don't even need to send it to managers if programs do not require an invoice. Two important things:
    1. You don't have to add VAT while making invoices to certain countries.
    2. When you will add VAT - it is important that casino will pay you the gross amount.
     
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    danniee

    danniee Affiliate Program Representative

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    Does anyone know what to do when an affiliate program does not send you company info and VAT? Yes, I have ran into crap programs that are impossible to get in touch with. I need this info to declare to the tax authority but what to do if I dont have the info? :/
     
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    Biti

    Biti Affiliate Guard Dog Member

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    I would choose for the safest option and that is invoicing them as them being an individual person and charing vat.

    For example, if you're receiving € 1.000 and VAT is 18%, invoice them € 847.45 and € 152,55 VAT.

    Which program is it?
     
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  12.  
    danniee

    danniee Affiliate Program Representative

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    Thank you Biti, will follow your advice.
     

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