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We are a UK Ltd Company thats VAT registered. Using Stripe for processing our payments, there is no VAT charged however we are struggling to work out if this is meant to be a RC 20% or if Stripe Fees are Zero Rated.
Would anyone have any advice?
I’ve never used Stripe – but if you check their invoices, do they show a UK (GB prefixed) VAT registration number, or a foreign one?
If it’s a GB number, then it’s possible that their services may fall within a VAT exemption (unlikely to be covered by a zero rating). See HMRC VAT Notice 701/49: https://www.gov.uk/government/publications/vat-notice-70149-finance
If the nature of the services aren’t covered by this exemption and Stripe are only established overseas, you’ll need to do the reverse charge.
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