I liked this example:Katzenjammer wrote:It affects just about every company in the whole world who sells to consumers within EU.CableChannel wrote:Didn't read the whole thread, tried to google this topic to get concise information. Just wondering why are 90% of the information I find from the UK? Is this a rule that especially affects shops in UK?
You can read more about it here http://ec.europa.eu/taxation_customs/ta ... dex_en.htm
I'm interested to see how they're going to enforce that. Good luck EU, the world must look pretty lucrative from high up there in cloud cuckoo land.A private person living in Sweden uses a Japanese online library. The Japanese supplier must charge Swedish VAT.
One-time VAT registration ("mini one-stop shop" – MOSS)
Non-EU firms supplying electronic services to consumers in the EU, can make use of a simplified procedure which allows them only to register for VAT in 1 EU country, regardless of how many other EU countries they are supplying. That country collects and distributes the VAT on behalf of all the other countries – charged at the applicable national rate depending where the customer belongs.