#VATMoss goes live from 1st January 2015 – does this impact on your business?

#VATMoss goes live from 1st January 2015 – does this impact on your business?

Accounting, Businesses, Growth, Law, Uncategorized, VAT l

MossSmall businesses trading online are up in arms about a new EU regulation, which states that from 1 January 2015, VAT on digital products will be chargeable in the place of purchase rather than place of supply in the EU.

The regulatory tweak – known as #VATMOSS – is being introduced to stop multinational corporations that trade online from diverting all their European sales through low-VAT countries, but is being predicted to hit smaller businesses in this sector hard.

UPDATE – HMR&C have provided some useful assistance which can be found at

https://www.gov.uk/government/publications/vat-supplying-digital-services-to-private-consumers