Re:“I’m in the US – what if I just ignore the EU VAT changes?”
by coob on Thursday December 18, 2014 @11:15AM
(#8767944)
It's going to force people to use marketplaces/providers. Probably a startup opportunity.
[ Parent
| on HN ]
Re:“I’m in the US – what if I just ignore the EU VAT changes?”
by Major_Grooves on Thursday December 18, 2014 @11:38AM
(#8768093)
In fact lots of people assumed that the marketplaces would take the heavy lifting here. However most of them are US-based and have said they won't be the ones to take care of this.
However, part of the problem is the authorities assuming that everyone sells through marketplaces, and that marketplaces would be the ones to tackle the issue. You'd be surprised how many people this is going to affect who are just selling a few items with PayPal - and PayPal cannot supply the required data to comply.
The people that got most vocal about this were mom solo entrepreneurs. I wrote a follow-up blog post about this: http://blog.satago.co.uk/2014/11/when-the-crafting-community...