Re:EU VAT rules make EU startups uncompetitive in a global m...
by derickr on Monday December 01, 2014 @05:57AM
(#8680381)
And on top of that, you can be audited by each EU country's tax authority as well... something I have not seen too many people worried about. I think it's an important thing that is being overlooked.
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Re:EU VAT rules make EU startups uncompetitive in a global m...
by Taxamo on Monday December 01, 2014 @07:19AM
(#8680582)
Potential audits will be co-ordinated between EU member states. For example, if an audit of a UK merchant is sought then the relevant EU tax authority (for argument's sake Spain) will have to go through HMRC first. Check out the answer to Q10 here: http://www.taxamo.com/new-eu-vat-rules-q-a/