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What are VAT regions?
VAT regions determine the value-added tax applicable to your ticket pricing based on your place of business. If you're in the UK and the place of supply of your service is in the UK, then you charge and account for VAT following UK law.
A VAT region set for events in your store will simply show whether VAT is applicable in your place of business.
What you need to know about VAT in the Eventcube platform
All prices remain VAT inclusive, meaning no VAT is added on top of your current pricing. If your event is in the UK, a 20% VAT will be charged regardless of the currency used to place an order.
We strongly recommend seeking professional financial advice from a tax advisor to understand your tax responsibilities and this page should not be taken as financial advice.
In general, VAT applies in the region the event is taking place (though this does not usually apply to virtual events), there may be exceptions for charity based or educational events. Again we strongly recommend seeking advice from a tax accountant.
How to set up VAT Regions
1. Select 'Enable VAT Regions' below.
2. At least one region has to be set to default.
3. All new events will automatically have their VAT region set to default.
4. Then, you must assign or change an event's VAT region.
Go to your Event.
Navigate to Advanced Settings.
5. Customers cannot make orders that contain multiple VAT regions.
6. VAT is only accrued for transactions made after the feature has been turned on.
7. Eventcube can provide bespoke solutions to tailor VAT data for historical transactions.
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