Just Heard From Othello About Paypal

Paypal Are Going To Continiu Charging V.a.t. At 17.5% As Long As They Wish, Othello Told Me That Anyone That Has An A/c With Them Should Cancel Their A/c Untill They Come To Reason To The New Rate, Thanks But I Have Not But If You Do Check It Out,
Nando:joel:

 

Paypal don't charge VAT do they? I thought the seller set the VAT rate in their account profile. I do on mine.

 

First off, PayPal are a Luxembourg company and the services they provide (at least the ones I am aware of as a user) are subject to Luxembourg, not UK, VAT law. Secondly, their services are exempt from VAT under EU law.

Nando - can you send a link to this info from Othello? I'd be interested to try and make sense of it.

 

IBC, i can foward the email to you if you wish, nando

 

WHY SIGH, OR IS THAT A SIGN OF THE TIMES, (sic)
nando

 

quote by othello:
"we would suggest you cancel your existing paypal account as this will be asking for the wrong v.a.t. amount, you can re-new your subscrition when paying your next invoice" !!!?????
i don't know what they mean as i don't deal with paypal but i am constantly aproach by them,
nando link myothello.net client portal

 

Nando, it's bollox. PayPal cannot charge VAT, just like credit card companies cannot add it themselves. The retailers charge VAT.

 

Nando, this is referring to recurring Paypal payments (à la Direct Debit).

Anyone with a recurring weekly/monthly/yearly payment that is processed via Paypal will not have the amount updated automatically in line with the VAT changes, so retailers are advising people to cancel such payments and recreate them for the new value.

They aren't suggesting you should cancel your Paypal account, as they certainly aren't responsible for this, let alone charging you VAT in the first place.

This is just an unfortunate circumstance with the VAT change that has nothing do with Paypal - you would be in the same situation if you paid via standing order through your bank.

 

so what does othello mean? can you explain please. nando

 

thank's mark, because i was thinking on getting sign on to paypal, was a bit confused,
regards nando.

 

Presumably your Homescape AV site is hosted by Othello Tech?

Do you pay via a recurring monthly payment through Paypal? If not, you have nothing to worry about.

 

yes it is by othello pay them yearly via company cheque they have brought the prices down to £9.95,instead of £14.95,
thanks mark,
nando