Why are we collecting VAT now?
Why are we collecting VAT now?
In January 2025, the European Union changed their legislation and live cohort based courses are subject to VAT. Starting June 23, 2025 Maven started to collect VAT on your behalf.
Can I opt-out?
Can I opt-out?
No. This is required by law.
Will this affect how much I earn from each course sale?
Will this affect how much I earn from each course sale?
No. You will continue to earn your course price less Maven’s platform fee (10%) and any Stripe transaction fees. The VAT is paid by EU-based students on top of your course price (e.g. VAT is calculated on the gross sale price).
Why does Stripe Connect show a higher fee than 10%?
Why does Stripe Connect show a higher fee than 10%?
Stripe shows a higher fee because VAT is added on top of your course price, and we collect it using the same system as our platform fee. This makes the fee look bigger, but don’t worry — your earnings stay the same. The extra part is just the VAT that we send to the government.
Do I need to update anything in my settings or pricing?
Do I need to update anything in my settings or pricing?
No changes are required. VAT will be automatically calculated and added on top of your course price for EU students.
Will I receive any VAT documentation for my records?
Will I receive any VAT documentation for my records?
You won’t need to handle VAT reporting. Maven is responsible for remitting VAT to the EU. However, you can always access your Stripe reports to view total collected amounts.
How do you know if VAT was collected in Stripe?
How do you know if VAT was collected in Stripe?
Look at the transaction metadata and verify that “tax_amount” has any value. Here's an example:
If "tax_amount" shows a value, that means VAT was collected on this transaction. The number shown is equivalent to the amount of VAT collected in cents, e.g., "10340" = 10340 cents = $103.40 VAT collected on this transaction.
How do I issue refunds when VAT was collected?
How do I issue refunds when VAT was collected?
If someone in the EU buys your course and you need to issue a partial refund, you also need to issue a partial refund of the VAT collected.
Example:
They paid $100 for the course and $20 in tax.
You want to issue a partial refund to give them a retroactive 50% off discount.
So you give back $50 from the course and $10 from the tax.
That means you give them $60 total.
If you’re not sure how much to refund, we can issue the refund for you. Please email us at [email protected].