Re:EU’s New VAT Rules Could Create a Mess for Startups
by pbhjpbhj on Tuesday December 02, 2014 @05:02PM
(#8690258)
>you have to be VAT registered within the UK //
They're saying you can be registered purely for the VAT MOSS and so account for VAT as if your were unregistered for UK transactions.
I've not read anything on whether you'll be allowed to reclaim VAT on your inputs on e-goods/services you sell with VAT though (which is the usual way VAT registration works, you don't pay VAT on your inputs).
They're saying you can be registered purely for the VAT MOSS and so account for VAT as if your were unregistered for UK transactions.
I've not read anything on whether you'll be allowed to reclaim VAT on your inputs on e-goods/services you sell with VAT though (which is the usual way VAT registration works, you don't pay VAT on your inputs).
This group https://www.facebook.com/groups/DigitalVAT2015/ seems to be useful to keep track of it all from an SME perspective.