What is VAT?
Value Added Tax (VAT) is a consumption tax levied on goods and services in many countries, including the UK. It is a tax on the value added at each stage of the production and distribution chain. In simpler terms, it is the tax you pay on the final selling price of a product or service.
Does VAT Apply to Me as a Creator on Fanvue?
Whether VAT applies to you depends on several factors, including your location, your earnings, and whether you have registered for VAT. Here’s what you need to know:
Location: VAT applies if your fans are based in a VAT registered country.
Providing VAT Number: If you’re VAT registered, provide your VAT number in your Fanvue account. Without it, VAT will only be charged on Fanvue's fee, not your earnings.