New VAT rules for e-services 1 January - who will be affected?
Question asked by Paul Scholes 7 years ago
A question for the community as a whole.
Wondering how many will have to cope with the new rules that come in next year, whereby anyone (whether UK VAT registered or not) providing Broadcasting, Telecoms or e-services to people (not businesses) in the EU will have to charge them the VAT rate applicable to their country and submit separate a separate VAT return, or returns? More details: http://www.hmrc.gov.uk/posmoss/
For the majority of small businesses I would imagine it's the e-services that will be caught, ie where you provide something that does something for someone else automatically, without you getting involved, for example sale & download of apps or, just like Clear Books, provides online services.
Thanks in advance for any comments, even if full of shock & horror.