Archive | Legislation

The £81,000 VATMOSS question

81,000 questionWhat are your options for selling digital products in 2015?

There are some big changes coming for everyone who sells downloadable products or memberships, ecourses through their own websites.

The usual tax laws about applying VAT are changing significantly from 1 January 2015,  right across Europe.

It doesn’t matter where in the world you are based, making any sale into the EU means you will be liable to pay VAT at the country rate where your customer is located.

Click here for the full definitions and guidance notes from the EU.

If you have something that you sell on your own website, doing nothing is not an option.… Click here to read on

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What do the VATMOSS changes mean for people selling online in 2015?

EU VATMOSS changes in 2015As of 1 January 2015 all digital products and service sales to EU countries will be liable for VAT.

Any sale made, even if it is for $0.99 or £1 will require compliance and registration with the VAT Mini One Stop Shop (VATMOSS), if you are UK based sole trader or business.

In the UK, VAT registration has previously only been required when businesses reach £81,000 in a 12 month period.

These changes may leave many small, microbusinesses who sell e-books and e-courses asking whether the complexity and cost involved in complying will make it viable for them to trade in 2015.… Click here to read on

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