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Problems posed by new EU VAT rules on UK suppliers of digital services
KEY POINTS
- Digital sales to non-business customers will be taxed in the consumer’s country.
- Requirement to be UK VAT-registered to obtain a MOSS registration.
- Benefits of splitting a business.
- Penalties may be issued from other EU tax authorities.
In the past week I have been in a state of shock twice over revelations about the new VAT rules for broadcasting telecommunication and electronic (BTE) services.
For readers not familiar with the new rules the basic principle is that a sale of digital services to non-business customers within the EU will be taxed in the consumer’s country from 1 January 2015 rather than that of the supplier – see Music Ltd below.
| Music Ltd... |
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