Invoice Details and Variations
The service generates a number of different types of invoices, depending on the tax scenario and your settings.
The service ensures that required information is displayed on your invoices. These can cover a number of business scenarios like B2B or self-billed invoices.
Some of the important information that is captured is:
- Marketplace Details: The details of the marketplace such as the logo or address.
- Buyer's Details: The buyer's name and address.
- Country of Tax Authority: The country where the tax was paid.
- Tax ID Numbers: Tax IDs such as VAT IDs are included where appropriate.
- Custom logos and footers: You can add custom logos and footers as needed.
Sample Invoice
This is a sample invoice where a customer from Italy bought goods from a Seller in China from a French Marketplace. The Chinese Seller shipped the goods from Poland to Italy.
In this scenario, the Marketplace is liable to pay VAT to the Italian Tax authorities, as the goods are located in the EU, but the seller is located outside the EU.
This table lists some of the fields available on a typical invoice:
Field | Description |
---|---|
Ship From | The address that the goods were shipped from. |
Description | A description of the goods. |
Quantity | The number of goods. |
Price | The price of the goods. |
Tax | The tax due in total. The percentage tax rate is included in parenthesis. |
Total | The total amount due including tax. |
Provided To | The party that the invoice was sent to. |
Provided By | The party that sent the invoice. In this example, the marketplace itself. |
Self-Billed (Back-to-Back Invoices)
For sales where the Marketplace owns the tax liability, the Marketplace assumes responsibility for issuing the invoice to the buyer. In these cases, “Back to Back” invoices are needed and a self-billed invoice is generated to show the sale between the Seller and the Marketplace.
In the following example, the Seller used a fulfilment center in Poland to ship the goods to Italy and the service generates a self-billed invoice to show the sale of goods from the Chinese Seller (with a Polish VAT number) to the French Marketplace. No VAT is applied because the transfer of goods was from one EU member state to another.
Updated over 1 year ago