New VAT rules for digital services
December 17, 2014 | By Nimbus |
There are new rules being implemented on 1 January 2015 concerning VAT on the supply of digital services within the EU. Digital services includes broadcasting, telecommunications and e-services that are electronically supplied. The VAT registration threshold has been reduced to zero for any digital services supplied to domestic and non-VAT registered business consumers in any country other than the one in which you are based. Therefore, if you only make one supply of a digital service in another EU country and do not register for the Mini One Stop Shop (MOSS), you are required to register for VAT in the country of your customer and account for local VAT accordingly. If you would like more information or assistance registering for MOSS please contact one of our team.