MOSS

VAT’s mini one-stop shop is ill conceived for small firms

Dividing business in the UK and in the rest of EU into two separate entities will not be seen as revenue splitting when it comes to registering for the VAT mini one-stop shop (MOSS), HMRC have appeared to accept.

HMRC have issued detailed guidance to help businesses prepare for VAT changes in relation to supplies of digital services, set to take effect on 1 January 2015. It supplements European Union information published last month.