Re:Stripe Tax
by yarcob on Thursday June 10, 2021 @08:38AM
(#27459942)
Presumably because it's hard to do correctly, and Stripe chose to focus on the easier part.
For example, I need to report VAT on the 15th of the second following month. If I got a refund after that date, I have already reported that tax, and I need to report a correction. I can't just report a lower tax the next time.
If you don't have a lot of refunds, then just paying taxes that you don't owe may be cheaper than handling it correctly (which is a lot of effort). And it may be the safer option -- nobody is going to fine you for paying too much tax.
For example, I need to report VAT on the 15th of the second following month. If I got a refund after that date, I have already reported that tax, and I need to report a correction. I can't just report a lower tax the next time.
If you don't have a lot of refunds, then just paying taxes that you don't owe may be cheaper than handling it correctly (which is a lot of effort). And it may be the safer option -- nobody is going to fine you for paying too much tax.