If your business sells e-books, e-courses, recorded training videos, music and audio downloads to customers in EU countries, a new EU VAT regulation coming into effect on 1 January 2015 will have implications for your business.
The new rules were brought in to remove unfair competition between online traders registered in EU states with very low VAT rates, and traders based in member states like the UK with higher standard VAT rates. Below is an article from the Telegraph that identifies in more detail what it will mean for small and micro businesses, and information about the HMRC scheme – VAT Mini One Stop Shop (VAT MOSS) that has been set up to make compliance easier for UK companies.
