As a podcaster, it's your responsibility to stay informed about and comply with your country's tax laws. The following information is intended to assist you in preparing for the upcoming changes to Acast's invoicing process and is current as of February 2025.
Key Details:
Local Entity: The local entity in your market is Acast Stories Ltd. Please include these details on all invoices.
Invoicing Address: Send all invoices to podinvoice@acast.com. This will automatically enter your invoices into our system.
VAT Guidance for Acast Podcasters in the UK
The responsibility for correctly applying and reporting VAT rests with you, the podcaster.
Do You Need to Register for VAT?
Businesses and Private Individuals: Both businesses and private individuals can invoice Acast Stories Ltd. However, whether you need to register for VAT depends on your individual circumstances.
VAT Threshold: Currently, you must register for VAT if your total taxable turnover for the last 12 months exceeds £90,000. You can find detailed information about VAT registration requirements on the UK government website here.
Private Individuals: If individuals do not meet the VAST registration requirements they do not have to be VAT registered, and Non-VAT registered individuals don't need to charge VAT
Charging VAT: If you are VAT registered, you must charge VAT on your invoices to Acast or inform Acast to include VAT on your self-bills. If you are not VAT registered, you do not need to charge VAT.
How do I inform Acast if I am VAT registered?
Ensure your tax information and VAT registration is up to date via the Tipalti portal. This way, if you receive self-bills, Acast will know to include VAT if you are VAT registered. Acast is not obligated to determine whether you should be registered for VAT.
If you cease to be VAT registered, you must inform Acast.
Remember:
Consult HMRC: For detailed guidance on VAT obligations, consult the official HMRC website or seek professional tax advice.
Acast's Role: Acast is responsible for ensuring VAT is accounted for correctly in self-billing arrangements. However, the ultimate responsibility for understanding and complying with VAT regulations lies with you as the podcaster.
Disclaimer: This guidance is for informational purposes only and should not be considered tax advice. Please consult with a qualified tax professional for personalised advice on your VAT obligations.