INVOICING
What will be included in my invoice?
Your invoice is made up of two parts. The first is the invoice which is what you owe to Newsstand. This will include:
- All charges for orders sent to us. This is broken down into spreadsheet/API orders (called Publisher Subscriptions) and White Label orders (called Referred By You – Fulfilment)
- Storage charges for all back issues and merchandise
- Additional charges for courier shipments, EU VAT where applicable, White Label transaction fees and any other agreed upon ad hoc charges
- Any credits due to you from Newsstand
You will also receive a self-billing invoice or request for invoice which shows what Newsstand owes you for sales made on the White Label or Newsstand website. When linking to a White Label site, you receive 100% of what the customer pays to us (where we charge you for the fulfilment on the invoice). For Newsstand sales, you will receive 50% of the cover price.
What is the self-billing agreement for?
The self-billing agreement gives us the permission to bill ourselves on your behalf. Once we have calculated what we owe you, if we have your permission to do so, it is far easier for us to generate a self-billing invoice so we can settle what is owed nice and quickly.
If you don’t want to sign up for this, that is completely fine. It just means we will send you a ‘request for invoice’ which cannot be logged as an actual invoice. It is exactly what it says on the tin- a request for you to send us an invoice before we can pay you what we owe you.
Can I just pay the difference between the two invoices?
If you have signed the self-billing agreement then yes you can and please do! Likewise, we can pay you the difference if we owe you more on a particular month. However, if you are not on the self-billing system then you will first have to make us an invoice, we’ll approve it and then you can pay the difference.
Will I pay VAT on my invoice?
All charges on the invoice are subject to VAT. However, there is no VAT charged on the self-billing invoice/request for invoice.
The only instance where VAT is not applied is if your company is registered in an EC country and you have a VAT number.
What are the payment terms?
Please pay us within 14 days of receiving your invoice.
If applicable, you can expect payment of what we owe you within 30 days of sending you a self-billing invoice.
What are your bank details?
Account Number: 22315866
Sort Code: 40-16-11
BIC: HBUKGB4B
IBAN: GB70HBUK40161122315866