LEGAL & POLICIES

VAT/Tax Policy

Effective Date: [Date]

Last Updated: [Date]

This VAT/Tax Policy explains how Spinhub Limited ("Spinhub," "we," "us") handles value-added tax (VAT), tax collection, reporting obligations, and related tax matters. This Policy supplements our Terms of Service and Payment Terms.

1. Overview 2. VAT on Digital Services 3. VAT Collection and Rates 4. Creator VAT Obligations 5. Tax Reporting (DAC7) 6. Invoicing and Documentation 7. Creator Tax Responsibilities 8. International Tax Considerations 9. Tax Withholding 10. VAT Registration Thresholds 11. B2B Transactions 12. Tax Compliance Support 13. Updates and Changes

1. Overview

🎯 Tax Philosophy

Spinhub is committed to:

Full tax compliance
Transparent tax handling
Supporting creator compliance
Automated tax processes
Clear documentation

📍 Tax Jurisdiction

Spinhub Limited:

Incorporated in Ireland
EU VAT registered
VAT Number: IE[Number]
Tax residence: Ireland
MOSS registered

⚖️ Legal Framework

We comply with:

EU VAT Directive
VAT MOSS regulations
DAC7 reporting requirements
Irish tax law
International tax treaties

2. VAT on Digital Services

💻 Digital Service Classification

Spinhub Services Qualify As:

Electronically supplied services
Digital content delivery
Online platform services
Automated digital services
B2C digital services

VAT Treatment:

Place of supply: Customer location
Rate applied: Customer's country
No exemptions apply
Immediate taxation
MOSS reporting

📋 Service Components

Taxable Services Include:

Subscription access
Digital content purchases
Platform features
Live streaming access
Tips and donations

VAT-Inclusive Pricing:

All prices include VAT
Clear disclosure required
No hidden tax charges
Supporter pays full amount
Creator receives net amount

3. VAT Collection and Rates

🌍 EU VAT Rates

Current Rates by Country (2024):

Country	Standard Rate	Digital Rate
Ireland	23%	23%
Germany	19%	19%
France	20%	20%
Spain	21%	21%
Italy	22%	22%
Netherlands	21%	21%
Belgium	21%	21%
Portugal	23%	23%
Austria	20%	20%
Sweden	25%	25%

Rates subject to change - automatically updated

📊 VAT Calculation

How VAT is Applied:

Subscription price: €10.00 (VAT inclusive)

German supporter (19% VAT):

Net amount: €8.40
VAT amount: €1.60
Total paid: €10.00

Platform fee (15% of net): €1.26

Creator receives: €7.14

4. Creator VAT Obligations

💼 When Creators Need VAT Registration

EU Creators:

Domestic threshold applies
Cross-border B2C: We handle VAT
B2B sales: May need registration
Track total revenue
Country-specific rules

Thresholds by Country:

Country	Annual Threshold
Ireland	€37,500
UK	£85,000
Germany	€17,500
France	€34,400
Spain	Immediate
Italy	€65,000

5. Tax Reporting (DAC7)

📊 DAC7 Overview

Directive Requirements:

Annual income reporting
Creator identification
Transaction summaries
Automatic exchange
EU-wide compliance

Reporting Timeline:

Data collected: Throughout year
Report preparation: January
Submission deadline: January 31
Authority sharing: February 28
Creator notification: March

📋 Information Reported

Creator Data:

Full name
Date of birth
Tax residence
Tax identification number
Address

Financial Data:

Total gross income
Number of transactions
Quarters active
Platform fees
Account identifiers

6. Invoicing and Documentation

🧾 VAT Invoices

Automatic Invoices Issued For:

All subscriptions
One-time purchases
Tips over €50
Platform fees
Refunds/credits

Invoice Requirements:

Sequential numbering
VAT registration details
Tax breakdown
Customer details
Service description

🗂️ Record Keeping

Document Retention:

Invoices: 7 years
VAT reports: 7 years
Transaction logs: 7 years
Tax forms: 7 years
Compliance records: 10 years

7. Creator Tax Responsibilities

💰 Income Tax

Creator Obligations:

Report all earnings
Pay income tax
Social insurance/contributions
Local/regional taxes
Quarterly estimates (if required)

Income Types:

Subscription revenue
Tips and donations
PPV content sales
Fundraising proceeds
Referral bonuses

📊 Tax Planning

Considerations:

Business structure options
Deductible expenses
Home office deductions
Equipment depreciation
Professional services

Common Deductions:

Platform fees
Payment processing
Content creation tools
Marketing expenses
Professional development

8. International Tax Considerations

🌐 Tax Treaties

Double Taxation Relief:

Treaty benefits available
Reduced withholding rates
Residence certificates required
Form submission needed
Processing time: 30 days

🇺🇸 US Tax Forms

Required Forms:

W-8BEN (individuals)
W-8BEN-E (entities)
W-9 (US persons)
Annual renewal required
Electronic submission

Treaty Benefits:

0% withholding possible
Proper forms essential
TIN required
Certification needed
Backup withholding avoided

9. Tax Withholding

📋 Withholding Scenarios

No Withholding For:

Complete documentation
EU/EEA residents
Treaty country residents
Proper forms filed
Low-risk accounts

Withholding Required For:

Missing tax forms
Sanctioned countries
Invalid TIN
Court orders
Regulatory requirements

10. VAT Registration Thresholds

📊 Distance Selling Rules

EU Cross-Border Thresholds:

Previous: €35,000/€100,000
Current: €10,000 EU-wide
Spinhub handles if exceeded
Creator notification provided
Automatic compliance

📈 Threshold Monitoring

Platform Tools:

Revenue tracking dashboard
Threshold alerts
Projection tools
Country breakdown
Registration reminders

11. B2B Transactions

🏢 Business Accounts

B2B Features:

VAT number storage
Reverse charge mechanism
Business invoicing
Bulk billing options
API integration

🔄 Reverse Charge

How It Works:

No VAT charged
Recipient accounts for VAT
Valid VAT numbers required
Cross-border only
Domestic rules vary

12. Tax Compliance Support

🛠️ Platform Tools

Available Features:

Tax report generator
Invoice downloader
VAT calculator
Threshold tracker
Form library

Coming Soon:

API tax endpoints
Automated filing
Multi-country reports
Advanced analytics
Integration options

🤝 Compliance Assistance

We Help With:

Form completion
Document preparation
Report generation
Deadline reminders
Authority correspondence

You Must Handle:

Actual registration
Tax payments
Return filing
Professional advice
Business decisions

13. Updates and Changes

📅 Regular Updates

Monitoring For:

Rate changes
New regulations
Threshold adjustments
Treaty updates
Compliance requirements

Update Schedule:

Rates: Real-time
Regulations: As published
Features: Quarterly
Documentation: Monthly
Notifications: As needed

Summary

This VAT/Tax Policy ensures compliance, automation, transparency, support, and proper documentation.

Key Points:

VAT automatically collected and remitted
DAC7 reporting handled by platform
Creator income tax responsibility remains
Tools and support provided
Compliance is mandatory

Important:

This policy provides general information only. Tax laws are complex and vary by jurisdiction. Always consult a qualified tax professional for advice specific to your situation.

This Policy is part of our Terms of Service. All users must comply with applicable tax laws.

Contact Information

Support

General support: [email protected]

Creator support: [email protected]

Policy questions: [email protected]

Payment issues: [email protected]

Business Development

Partnerships: [email protected]

Premium creator program, brand collaborations, integration opportunities

Legal & Compliance

Legal matters: [email protected]

Privacy concerns: [email protected]

Data Protection Officer: [email protected]

General

General inquiries: [email protected]

Press & Media: [email protected]

Party invites: @spinhub.com