The new VAT rules were designed primarily to benefit businesses and they follow extensive consultation with all EU member states, including the UK. We are aware of the concerns of online micro-businesses in the UK.
Based on the new information from the HRMC, these businesses will now only have to pay VAT on sales made to other EU countries. For all domestic sales, their current VAT-free threshold remains in place. Some online businesses will need to adapt their websites to take account of the change, but we are hopeful that the administrative burden will remain low. 
The European Commission will evaluate the implementation of the new VAT rules in the context of a possible future extension of the One Stop Shop and would be open to proposing adaptations based on the feedback it will receive in this context.

Informatiesoort: Nieuws

Rubriek: Europees belastingrecht, Omzetbelasting

H&I: Previews


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