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HMRC have uploaded a video guide for firms affected by VAT changes to the supply of digital services.
The YouTube clip comes ahead of 20 October, when businesses across the European Union will be able to sign up online for the Revenue’s new mini one-stop shop (MOSS) – which will remove the necessity to register for the tax with each country in which they provide broadcasting, telecommunications and e-services.
HMRC have uploaded a video guide for firms affected by VAT changes to the supply of digital services.
The YouTube clip comes ahead of 20 October, when businesses across the European Union will be able to sign up online for the Revenue’s new mini one-stop shop (MOSS) – which will remove the necessity to register for the tax with each country in which they provide broadcasting, telecommunications and e-services.
Place of supply rules for EU business-to-consumer digital services are set to change in January. The present place of taxation is where the supplier is established, but it will be where the consumer lives from next year.
All EU member states will offer the MOSS, to help firms avoid the administrative burdens and costs currently incurred when registering for VAT in every member state where they have consumers.
