There are two options for adding an Adobe invoice to your account: whether you have ordered the service as an individual or as a company. These are recorded differently in the accounts, which we will tell you about next. When you buy a product or service in an EU country, regardless of the listing, you cannot deduct VAT.
When your business ID / VAT number* is provided to Adobe
This will show your VAT number on your invoice and no VAT on your invoice. In this way, the invoice is reverse VAT as VAT 24% on the EU Service Purchase. Below the example invoice is an example of how you record this invoice through the Expenses view. ⤵
Example of the expense view in UKKO Private Trader
When the business ID / VAT number* is not provided to Adobe
If you did not provide your business ID / VAT number when purchasing the service, the invoice will show VAT. In this way, the expense is charged to other deductible expenses at 0% VAT. Below the example invoice is an example of how you record this invoice through the Purchases view. However, the VAT % option is locked to 24% but this will be corrected in the bookkeeping.
Example of the expense view in UKKO Private Trader
How do I report my VAT number* to Adobe?
You can update your business VAT number by signing in to the Adobe website at this link.
Click on the "circle" of your profile and Adobe account on the right.
The page will redirect you to the "General" page of your profile, where you will click on Manage plan ➜ Manage payment➜ Payment Management and enter your user account password when prompted. You'll then see a window where you can specify your payment details and enter your business name and VAT number:
* Your VAT number is your business ID with the country code and without the dash. For example, your business ID is 1234567-8, and your VAT number is FI12345678.