reverse charge
Recipient pays call
Reverse charge describes a telephone call billed to the recipient rather than the caller—what Americans call a collect call.
In business contexts, particularly regarding taxes, a reverse charge mechanism shifts the obligation to pay from the seller to the buyer: Under the reverse charge rule, the customer accounts for the VAT.
- VATIncremental consumption tax
- tax lawRules governing government levies
- indirect taxLevy passed to consumers
- invoiceItemized billing statement
- GSTBritish baseline hour
payment terms · withholding tax · customs duty · credit note · tax compliance · legal liability · export duty · cross border · import tariff · sales tax · reconciliation · self-assessment · remittance · audit trail · trade agreement · customs clearance · procurement · purchase order