All you need to know about VAT

1. What is VAT and how Holidu charges it

Value Added Tax, or VAT, is a tax assessed on the supply of goods and services. Holidu charges VAT on service fees, and it is deducted from your payout.VAT is charged only over the commissions, both Bookiply’s and the Channel’s commissions.
Therefore, the VAT is based on the total commission fees for a reservation. Why? Holidu charges VAT because it is required by law to charge VAT on services.If a reservation is modified, VAT adjusts to reflect any change.

2. How does the VAT look like in your invoice? How does it apply to you?

The VAT deduction is detailed in each reservation invoice.
Click on this link to know what information is included in your invoice.

For any further information about individual fiscal inquiries, please contact your accountant or tax consultant.
Holidu acts as a service intermediary, and we are not able to provide information on individual fiscal positions.

3. Reverse-charge

You can have the VAT deducted from the payout and collected in Germany (as Holidu is based in Germany) or receive the full payment and pay for the VAT in your country, if your VAT number is active for Reverse Charge. The Reverse Charge is a mechanism where the responsibility to report and pay for the VAT is to the buyer in the country where the buying or service is based. The tax rate applied should be the one where the VAT is collected.
For this to happen, you should have your VAT number valid in the European system: for the VAT to be valid in our system, we are currently using the service BZSt: USt-IdNr. Bestätigung (bff-online.de).
Please note, it is not sufficient that the VAT is VIES Valid, but also the VAT number holder name and address should match the info we have from the homeowner to have the VAT valid.

Other useful links: https://ec.europa.eu/taxation_customs/vies/?locale=en

In order to validate your VAT number, please contact your accountant or tax consultant.