The reseller commissions will remain unaffected by the new VAT changes. Also no difference will make the country your clients come from, and whether or not your clients are VAT applicable. That is, the amount of your reseller commission will still be calculated as the difference value between the wholesale price and the retail price (without the VAT added):
NET RETAIL - WHOLESALE = COMMISSION
(* where net retail is the retail price without VAT)
For example, if a client of yours buys a service for $100.00 USD retail price ($117.50 total value, if the client is VAT applicable; $60.00 wholesale price), your commission due will be $40.00 USD.
We would like to outline here one specific occasion. If you are an UK reseller/VAT registered (irrespective of whether your clients are VAT applicable or not), UK VAT at 17.5 % will be applicable to your reseller commission from the side of LiquidNet Ltd. Thus, if your reseller commission due is $40.00 USD, LiquidNet Ltd. will pay to you $40.00 USD + $7.00 USD (UK VAT at 17.5%) = $47.00 USD Total Commission Amount.
Let's go over a few visual examples of how your commission calculations will be displayed on the new self-billing tax invoices. A $100.00 USD value will be used in all cases to explain the amount of your commissions due:
Reseller (Business) from the UK, VAT registered (in accordance with item 1 of the 'VAT Classification groups):