If you're booking storage for business purposes, here's what you need to know about VAT and business accounts.
VAT on storage
VAT treatment depends on the provider's VAT registration status. VAT-registered providers will charge 20% VAT, which will be shown separately on your invoice.
Business accounts
To set up a business account, go to Account Settings and select 'Convert to Business Account'. You'll need to provide your company details and VAT number if registered.
Business accounts receive VAT invoices suitable for reclaiming VAT and consolidated monthly statements.
Frequently asked questions
Can I reclaim VAT on storage?
If you're VAT-registered and storing for business purposes, you may be able to reclaim VAT. Consult your accountant.
Do all providers charge VAT?
Only VAT-registered providers charge VAT. Smaller providers below the threshold may not.