What does “Alamy will issue self-billed invoices to the Contributor for all Taxable Supplies made to Alamy by the Contributor” mean?
Taxable Supplies is defined by HM Customs & Excise as all goods and services which are VAT rated. So if you are a Contributor who is VAT registered then when Alamy pays you for images that you have submitted to Alamy and, which Alamy has sold, then this will be defined as a Taxable Supply. VAT should be added to the Taxable Supply at the rate in force at the time of supply.
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