How do I address Etsy sales from the UK and EU that are missing VAT Taxes?
Most supported integrations on Greenback will include applicable VAT taxes as a part of your transaction data. The exception to this is Etsy. Etsy does not provide tax data for EU sellers.
Greenback can solve this problem for Etsy sellers using a feature called VAT Transform. VAT transforms, when applied to your Etsy data, will transform your transactions by applying the appropriate VAT rate to the transaction, creating a VAT tax line item within the transaction. When exporting the transaction to an accounting program, you can now easily categorize the VAT taxes.
For the UK and EU, Greenback will apply a 20% VAT tax rate.