Tax and Season's Greetings...
...those are two words which are not often used together!
Since launching the OpenEnergyMonitor online-shop in March this year we have been busy shipping over 1300 order to 47 countries.
A big thank you to everyone who has helped support the project by purchasing items from the shop. Money raised will be used to fund future developments and the continued running of the project.
Success has brought with it the administrative requirements of accounting and specifically tax accounting, As of November 2012 we are now a UK VAT registered partnership (our business name is Megni - which means energy monitoring in Welsh). Our prices in the shop now include VAT (currently 20%), we have managed to do this without increase our prices. Our invoices now include our VAT number GB 152 7345 15.
If you're are a VAT registered UK business – this is good news for you as you will be able to claim the VAT back on purchases from us.
If you're a VAT registered business outside the UK but in the EU – you can request a VAT refund from us on future orders
If you're a customer outside the EU- This is good news for you as sales to you will be zero VAT rated, you don't pay UK VAT but you will have to pay import TAX in your country. We will state the invoice total amount on the shipping documentation.
Please let us know if notice us making any mistakes with regard to how we issue invoices and price products with regard to VAT. We're only human and are learning all about this as we go along!
Merry Christmas and a Happy New Year to all.
Best wishes,
Glyn Hudson and Trystan Lea
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