New VAT portal

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The European Commission (EC) has launched a web portal to help businesses adapt to the change in VAT rules that will enter into force in 2015.

 
From 1 January 2015, the place of taxation for broadcasting, telecommunications and e-services (BTE) services involving business to consumer (B2C) supplies will be determined by the location of the consumer. In order to simplify the administration of this new rule, the Mini One Stop Shop (MOSS) is being introduced which will allow businesses to register in just one EU member State and submit a single VAT return and payment each quarter for all their cross border supplies of digital services.

 
As member states have different standard VAT rates, different reduced rates and different exemptions, the web portal provides information about the various VAT rules across the EU to facilitate businesses that opt to use the MOSS. It also includes a list of national contact points to facilitate contact with national administrations on matters relating to the 2015 changes say Harris & Co accountants Northampton  

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