Re:UK votes to leave EU
by ptaipale on Friday June 24, 2016 @05:51PM
(#11973779)
Plans to force all member countries to have higher taxes, for instance. Or regulated VAT rates.
[ Parent
| on HN ]
Makes doing business and order of magnitude easier.
Re:UK votes to leave EU
by MacsHeadroom on Saturday June 25, 2016 @01:43AM
(#11975382)
How? Honestly curious.
From what I've been able to find, the EU established a common format for VAT invoices, so it's now easier to scan and file your tax receipts, especially when dealing with businesses in many different countries. Also, VAT declaration forms now have a similar layout in all member countries.
Also, it appears that for international consumer sales, the seller may now apply its own country's VAT instead of needing to know the VAT regulations of the buyer's country.