Link My Books is a trading name of PDLC Tech Ltd, a UK Limited company. Our UK VAT number is GB 349672752.
We became UK VAT Registered on 1st July 2020. From that point onwards our pricing is subject to UK VAT unless your business is located outside the EU or inside the EU where your home country for VAT is not the UK and you provide us with your VAT number.
What does this mean for me?
How this effects you will depend on which of the following 4 groups you fall in to:
UK customers
(users who's business is located in the UK, with or without a UK VAT number)
If you're in this group then your plan charges will have UK VAT at 20% added to them from 1st July onwards. Your monthly invoice from us (available in the billing area) will show the VAT breakdown and if you are VAT registered in the UK you will be able to reclaim the VAT on our fees from HMRC.
EU B2B customers
(users who's business is located in the EU, who have an EU VAT number)
If you're in this group your plan charges remain the same but your invoice from us (available in the billing area) will show the statement "Services subject to the reverse charge - VAT to be accounted for by the recipient as per Article 196 of Council Directive 2006/112/EC" on the bottom of the invoice since our service fees invoiced to you are classed as "Intra B2B Services".
EU B2C customers
(users who's business is located in the EU, without an EU VAT number)
If you're in this group then your plan charges will have UK VAT at 20% added to them from 1st July onwards. Your monthly invoice from us (available in the billing area) will show the VAT breakdown. This may change in the future as we hit the thresholds for EU VAT, as and when it does we will give you as much notice as possible.
Non EU customers
(users who's business is located outside the EU)
If you're in this group then nothing changes for you as your plan charges remain the same since no VAT is applicable.
Do I need to do anything?
Before 1st July 2020 we will automatically assign your account into one of the above groups based on your company details held inside Xero or QuickBooks.
Once we have pulled your Company Name, Address and VAT ID from Xero or QuickBooks we will show these details in the "Invoice Address" tab on the Billing Page.
If you have already filled in this section with your company name and address previously then we will not update it.
EU B2B customers will need to enter their EU VAT number in the "Invoice Address" tab on the Billing Page in order to have UK VAT removed from their invoice.
Does this mean my price is going up?
No - our net pricing is staying the same, we're just adding UK VAT where applicable.
If you have any questions about this then please contact support via the blue chat icon on the bottom right of any page and we'll get back to you within 1 business day.