Envato is a multi-million dollar business online in plain sight for everyone to see! They are not laundering your money, they are not doing anything that is illegal. Use your logic people. If Envato would do that and ONE author would sue them for a million dollars they would INSTANTLY win.
Create invoices on our behalf and create them in a complete invalid way…how you’d describe it?
What if customers deposit those invoices in their country’s financial dept? what if their accountants discover that they are just junk? (and will happen soon)
Anyway I agree, guys, this thread is following the same way of past ones. Too many people writing tons of words while wverythign should be as concise and analytic possible.
This is already a huge mess and we’ll receive few answers. The more you create fuss, the less you/I/we will understand something.
Guys are you really talking about aesthetics while everythig within is simply illegal?
Not only, I strongly believe that (at least in some countries) nobody is allowed to invoice in our behalf but ourselves and people with written and explicit mandate to do that.
Of course, is illegal also in Italy. But doesn’t have my VAT ID (since LCweb earnings are not just mine) then for now I don’t think at it.
New statement is useless from authors point of view.. but these invoices.. guys..
I understand Envato needs to stage everything, so its words seems true but here you are sending to customers something that may be assumed as an official and legal document.. while has NOTHING (really, nothing, nor a single element) to be legal in EU.
This is my main concern in these hours. There’s my name and my business acronym on it, but is totally illegal.. and I can’t do anything.
@visualkicks this is ok in some countries. For example I make my invoices in USD and then report to my accountant the exchange rate for the day I receive money on my bank account.
Good question because currency rate must be calculated in day of transaction between seller and buyer but… there is no transaction because we don’t have this money in this day
Having to deal with thousands of invoices would be completely impossible. Basically I’d have to use the whole year exchange rate, day by day!
But currently these invoices are only a huge mass of digital paper, little more than receipts, since there’s no full data in them.
Then, really don’t think to save them and register everything in my official bookkeeping. Because I’m not the only one getting money under LCweb username and because what continues to matter is real world money flow!
Hi Collis, thanks for Saturday early morning reply. Could you please clarify this point?
No, VAT will be collected and remitted under Envato’s MOSS registration, not an authors name.
Then, to EU authorities, you won’t report our personal/business name, right?
If I’ve properly understood, each sale’s VAT will be collected by Envato. Then at EU eyes Envato will be the only VAT “dealer”, right?
This is always in relation on my main question: will EU know that “LCweb” made 1000 sales for 1000$ of gross income in 2015?
Hey! Some of you guys know a super mega European business consultant/commercial law expert?!
You must know your country laws first. Sei/siete italiani, quindi se non l’avete già fatto, prendete un buon commercialista di corsa!
Today I contacted my accountant asking for preliminary infos on if this mess could be legal, her first word was NO. But of course I need to know better every aspect before meeting and deciding about my future.
Oh, and again (since is the fourth time I write this on financial threads): what if I don’t have VAT in my financial position?
I am an italian professional but don’t have to use VAT (in italy, IVA) on my invoices. Why now are you charging VAT on my behalf..?
And I can easily imagine there are hundreds of other “custom” positions like this in other countries, how you are supposed to manage this?
Bottom line: guys, remember what matter is always money flow. Always consider money flow when talking with an accountant/lawyer.
1. Envato don’t have permission to issue invoice on our behalf.
2. We need to follow hierarchical numbering of our own invoicing software.
3. Invoice must include TAX ids and full address of both parties.
+1 basic matters are these.
plus a key speech regards teams.
E.g. an account is composed by two professionals with two VAT ID.
Creating an unique invoice with account name or with name of only one member is absolutely wrong and could create serious financial issues since that member doesn’t receive 100% of incomes.
However most important question for me is this: does Envato report our incomes to our countries?
E.g. if I sell a 100$ item, will invoice reports 100$ with my name on it? Will Envato communicate to Italy that I earned 100$?