Dear Valued Customer,
We are continuously working to improve your experience with Bookyway.
As part of our commitment to compliance and ease of use, we will introduce the option for a Reverse Charge Mechanism for VAT and integration with the VIES (VAT Information Exchange System) on October 1, 2023.
1. Simplified VAT Handling for EU Customers: If you are an EU-based business with a valid VAT number registered on VIES, you can opt to not be charged VAT on your invoices. Instead, you will account for the VAT in your own country, simplifying your VAT reporting process.
2. Automated VAT Validation: With our new VIES integration, your VAT number will be automatically verified. Please ensure your VAT number in your Bookyway account is accurate and up to date.
3. User Action Required: First, we suggest you verify as soon as possible your own registration on the VIES system [LINK]. STARTING FROM OCTOBER 1, to take advantage of this new system, you will need to log in to your Bookyway account, go to your fiscal data settings, and activate the „Reverse Charge” checkbox.
4. Impact on Other Customers: For EU-based businesses not registered on VIES, non-EU businesses, and individual customers, please note that the price will be increased by the applicable VAT rate.
5. Transparency and Compliance: This system enhances transparency and ensures compliance with EU tax regulations, making it easier for you to do business across EU borders.
We thank you for your attention to this important update. We value your business and are committed to making your Bookyway experience as seamless as possible.