What is self-billing?

Laced acts as reseller in the sale between the seller and the buyer. This means that you are selling the item directly to Laced.

To correctly apply VAT on your payout or utilise the margin scheme, you must issue a compliant invoice. To make the process easier, we will create these invoices for you under a self-billing arrangement. This means we are billing Laced — in your name and on your behalf — for your items.

Once confirmed, we will ensure that you receive an invoice for your sale. You will be sent an email that states the item has been sold.

You will at all times continue to be responsible for VAT compliant invoices to Tax authorities. You are also responsible to store and keep the invoice documents throughout the statutory storage periods yourself.