Please note: Hosts in Australia and France can enter their tax information but will not be charged VAT yet.
If you’re registered for value added taxes with your local tax authority, you can add your VAT information in your Taxes section.
Why should I add my tax information?
Depending on your location, Peerspace is required to collect indirect taxes on the Peerspace service fee. In some places this is called Value Added Tax (VAT) or Goods and Services Tax (GST), but for the purposes of this article, the indirect tax will collectively be referred to as VAT.
By adding your tax information, all of your Peerspace invoices will include your tax information on them, so that you can report them properly to the relevant tax authorities. Once you add your tax information, it will apply to invoices for bookings moving forward; unfortunately, it cannot be applied retroactively to any invoices from before you added your tax information.
In addition, you can input the percentage of value-added taxes that you include in your prices, and the Peerspace service fee will not be applied to this amount.
Also, in some locations, if you are registered for VAT, you may not be charged VAT on Peerspace service fees.
For instance, within the European Union—except for the Netherlands—if you have successfully added your VAT ID with Peerspace, VAT will not be applied to your service fee (also known as a ‘reverse charge.’ More information on EU VAT registration can be found at the European Commission website.
However, depending on your local VAT laws, you may still need to self-assess the VAT and declare the amount in your VAT return. Peerspace will add your VAT information to your invoices for your reporting purposes.
As a host, how do I include VAT in my prices?
All prices you list on Peerspace should include the VAT amount you collect.
Peerspace does not split out for guests the amount of value-added taxes you’ve included in your prices, and so you may need to provide guests with a VAT invoice if a guest requests it.