VAT



VAT at MyHammer

As a business to business (B2B) platform, MyHammer fees are shown without the applicable VAT rate.

  • If you are VAT registered, you are not obliged to pay VAT for service fees.
  • If you are not VAT registered, all fees you see are subject to VAT @19%.

VAT Registered Users

If you are VAT registered, we can remove VAT from any future MyHammer invoices automatically.

To do this, enter your VAT registration number in the following area of your user account:

-> My Account ->My Data ->My Profile (current data) ->VAT Number.

The VAT registration number is always a block of nine digits. Start with the country code GB for and then enter the 9 digits (block of 3, block of 4, block of 2 – e.g. GB999 9999 73).

To successfully exclude VAT from future invoices, please be sure to enter the VAT number in the correct format.

Non-VAT Registered Users

If you are not VAT registered, you can still use all the functions on MyHammer. You will, however, be charged 19% VAT on each service fee you are invoiced for. Each invoice will clearly show the fee amount and VAT amount due.

For example:

  • Service fee is £10
  • You click the button and agree to the fee.
  • You will be invoiced for £11.90 (VAT is £1.90)

German VAT Rate

As a German business, we charge the German VAT rate which is currently at 19%. The good news is – the rate will not be going up any time soon!


FAQ


Why was £23.80 taken from my card when the fee was only £20? Show

Why is your VAT rate 19%? Show

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