VAT MOSS

Government clarifies what VAT MOSS ruling will mean for small businesses

HMRC confirms small firms will not be forced to charge UK VAT on domestic sales but will still need to register for “Mini One Stop Shop” from January 1 The government has confirmed that the controversial VAT “Mini One Stop Shop” (VAT MOSS) EU ruling, to be introduced on January 1 2015, will not force sole traders and small businesses to charge UK VAT on domestic sales. The clarification from HM Revenue and Customs (HMRC) follows several recent lobbying campaigns by organisations and entrepreneurs calling for exemptions to be made for the country’s small firms after issues were raised about the ruling penalising digital businesses selling in Europe. From January 1, the new EU regulation would have required all UK firms selling digital services and products in Europe, including e... »