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UPCOMING VAT REGISTRATION - DETAILED OVERVIEW

[01/31/2008]

To the attention of all our clients! As we announced recently, after mid-February our company is becoming VAT registered! The official VAT registration, and respectively the date from which the new VAT tax will be charged, has been scheduled for 1 March 2008. However, it will be our duty to confirm the date well in advance.

We would like to present to your attention now more detailed information about the new VAT scheme that will come into force from the beginning of March. Hereby we shall explicate all clauses in our future billing and invoicing policy. And most importantly, we shall differentiate the cases that will reflect the VAT changes, and those (that is the bigger part) that will remain the same.

To bring here once again clarity upon the VAT classification groups, all clients are to be referred to as Businesses or Individuals. Thus:

1. UK VAT at 17.5% is applicable to: Businesses (no VAT/VAT registered) and Individuals from the United Kingdom; and Individuals from the European Union.
2. Clients where VAT is applicable but WILL NOT affect the service pricing (i.e. equals to NIL): Businesses from the European Union.
3. Clients outside the scope of VAT: non-EU clients (Businesses and Individuals).

IMPORTANT for clients defined as VAT applicable, according to the above clarified classification: After 1 March 2008, UK VAT at 17.5 % will be applicable to all service prices in your future money-related actions, and you will be served by new VAT Order Forms, adequate to the new VAT financial relations.

To give here visual examples of the price calculations that will be displayed in the new VAT Order Forms, a $100.00 USD value will be used in all cases to explain the purchasing of a web hosting account:

  • Individual Client from the UK (in accordance with item 1 of the 'VAT Classification Groups'):

    Amount Due: $100.00 USD
    VAT 17.5%: $17.50 USD
    Total: $117.50 USD

  • Business Client from the UK (in accordance with item 1 of the 'VAT Classification Groups'):

    Amount Due: $100.00 USD
    VAT 17.5%: $17.50 USD
    Total: $117.50 USD

  • Individual Client from an EU country, but not from the UK (in accordance with item 1 of the 'VAT Classification Groups'):

    Amount Due: $100.00 USD
    VAT 17.5%: $17.50 USD
    Total: $117.50 USD

  • Business Client from an EU country, but not from the UK (in accordance with item 2 of the 'VAT Classification Groups'):

    Amount Due: $100.00 USD
    VAT 17.5%: $0.00 USD
    Total: $100.00 USD

IMPORTANT for all clients remaining outside the scope of VAT, according to the above clarified classification: Service prices will remain VAT unaffected and you will continue to be served by Regular non-VAT Order Forms.

Upon each purchase all clients will continue to receive a type-a invoice. The new type-a invoices will reflect the VAT changes when the client is VAT applicable.

As we have already prepared for launching all VAT system updates in terms of billing (pricing, order forms) and invoicing, our Technical Department has decided to activate some of them ONLINE earlier in advance, so as to have plenty of time to collect your feedback and to monitor the operating of the system. For that purpose, AS OF TODAY, in all Order Forms the VAT price field will be featuring with $0.00 value, simply informatively, as no VAT is to be charged until 1 March 2008.

As you hopefully see, we tried to adapt our system to the new VAT clauses with a minimum of new introductions and updates. We will do our best to make the VAT integration process fluent and easy for all parties. Please, follow our news section for up-to-date information and should you have any questions, do not hesitate to contact us.



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