The treatment of fees deducted by Square Up for VAT (Value Added Tax) depends on the specific regulations and guidelines set by the tax authorities in your jurisdiction. Square Up should provide you with information regarding the VAT treatment of their fees, as it can vary from country to country.
In some cases, fees deducted by Square Up may be subject to VAT at the applicable rate in your region. This means that VAT would be charged on the fees, and you may be able to claim the VAT as an input tax deduction if you are a VAT-registered business.
To ensure accurate information regarding the VAT treatment of fees deducted by Square Up, I recommend reaching out to a tax professional or consult the guidelines provided by your local tax authority. They will be able to provide you with specific guidance based on your location and business circumstances.
