Vat % through Ukko Invoice

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Jeanpierre
Posts: 4
Joined: Thu Jul 16, 2020 1:40 am

Vat % through Ukko Invoice

Post by Jeanpierre » Fri Jul 24, 2020 12:46 am

Hi!
I have an issue with the VAT%, I am a sourcing agent working as a freelancer, generally I invoice my clients for 6000€ a month + commission.

Everytime I send an invoice 24% is deducted and I feel that it's kinda unfair to lose 1500€ every month.
My work is more like a service and my clients all in EU.

Can you suggest me a better idea since I'm still kinda newbie in the field.

I appreciate all suggestions



Vat % through Ukko Invoice

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Upphew
Posts: 10631
Joined: Tue Apr 08, 2008 10:55 pm
Location: Lappeenranta

Re: Vat % through Ukko Invoice

Post by Upphew » Fri Jul 24, 2020 9:08 am

Jeanpierre wrote:
Fri Jul 24, 2020 12:46 am
Hi!
I have an issue with the VAT%, I am a sourcing agent working as a freelancer, generally I invoice my clients for 6000€ a month + commission.

Everytime I send an invoice 24% is deducted and I feel that it's kinda unfair to lose 1500€ every month.
My work is more like a service and my clients all in EU.

Can you suggest me a better idea since I'm still kinda newbie in the field.

I appreciate all suggestions
So your commission is about 2k. The VAT isn't deducted, it is added on top of your invoice. Companies get to deduct VAT, you lose that option when using Ukko, afaik.
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betelgeuse
Posts: 3620
Joined: Thu Aug 29, 2013 1:24 am

Re: Vat % through Ukko Invoice

Post by betelgeuse » Fri Jul 24, 2020 10:30 am

Jeanpierre wrote:
Fri Jul 24, 2020 12:46 am
I have an issue with the VAT%, I am a sourcing agent working as a freelancer, generally I invoice my clients for 6000€ a month + commission.

Everytime I send an invoice 24% is deducted and I feel that it's kinda unfair to lose 1500€ every month.
My work is more like a service and my clients all in EU.

Can you suggest me a better idea since I'm still kinda newbie in the field.
Business clients in other EU countries should be charged with the reverve charge VAT process. You charge without VAT and they deal with it in their countries.

https://www.avalara.com/vatlive/en/eu-v ... u-vat.html

FinlandGirl
Posts: 480
Joined: Sat Nov 09, 2019 10:43 am

Re: Vat % through Ukko Invoice

Post by FinlandGirl » Fri Jul 24, 2020 1:04 pm

Jeanpierre wrote:
Fri Jul 24, 2020 12:46 am
I am a sourcing agent working as a freelancer, generally I invoice my clients for 6000€ a month + commission.
At that income level an own business and the services of an accountant are usually cheaper.
Jeanpierre wrote:
Fri Jul 24, 2020 12:46 am
Everytime I send an invoice 24% is deducted and I feel that it's kinda unfair to lose 1500€ every month.
My work is more like a service and my clients all in EU.
Something is wrong with your invoices:

https://tuki.ukko.fi/hc/en-us/articles/ ... -overseas-
Ukko wrote:A reverse charge procedure applies within the trade between EU countries. The invoice is sent without VAT and the VAT is paid by your overseas client, who may deduct the amount as his or her own sales VAT.


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