Hey Guys,
Is it possible to add VAT to my subscription in the later stage?
is there any changes I can make in the subscription or will I have to create new memberships?
Hey Guys,
Is it possible to add VAT to my subscription in the later stage?
is there any changes I can make in the subscription or will I have to create new memberships?
Hey Mansoor
Great question! Yes, you can edit a membership and add taxes later. Taxes are percentage-based currently. Would you be willing to share more information on why you need taxes? We are trying to understand our customers as much as possible.
Hey Josh,
Thats great that I can do that. Well in UK after 85k sale threshold I must charge vat/submit vat.
But I don’t want to charge my customers before as my subscriptions are expensive.
Cheers
M
@Mann I had a similar issue.
But for you, it sounds like it shouldn’t be a problem with MS.
Let’s say your subscriptions are £100 at the moment.
When you pass £85K in annual revenue, you will need to charge VAT, so £100 + 20% = £120.
Memberstack just allows you to ‘add taxes’ to this, so your current members will be charged £120, not £100.
Of course, if they are businesses then this shouldn’t really matter (as they’ll reclaim it).
But if you want to absorb the VAT yourself, and keep their charge at £100, and therefore your price is £83.33 (+ £16.67 VAT), then you’ll need to move them onto a different membership.