Small Businesses: VAT
(asked on 2nd January 2015) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, when he plans to introduce (a) VAT mini one stop shops and (b) new VAT rules affecting small and micro businesses.
This question was answered on 8th January 2015
From 1 January 2015, for all digital supplies to EU consumers, VAT is due in the Member State of consumption rather than the country where the supplier is based. The VAT Mini One Stop Shop (MOSS) allows businesses to account for all the VAT due throughout the EU via a single registration in one Member State. HMRC’s UK MOSS went live in October 2014 and can be utilised by all UK businesses, including those below the VAT registration threshold.