Change to the Place of Supply Rules from 1 January 2015
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24th September 2013 - The Vat People
The place of supply rules regarding telecommunications,
broadcasting or electronically supplied services to non taxable or
private customers will be changing with effect from 1 January 2015.
Currently these services are taxed where the supplier belongs,
however from 1 January 2015 businesses will be required to charge and
account for VAT in the country where the customer belongs or the
service is consumed. A 'One Stop Shop' will be introduced whereby
suppliers can account for VAT on supplies to customers in other EU
Member States without the need to register in each of the jurisdictions.
The place of supply rules are notoriously complex for non-VAT
specialists and we therefore encourage you to contact our helpline if
you have any place of supply queries, as a simple call could avoid
unexpected VAT costs in other EU Member States, or the call could
perhaps even highlight that it is actually the customer who is
responsible for accounting for VAT.
If you have any customers operating in the industries
mentioned above, please ensure that they are aware of the changes and
invite them to contact us should they have any questions or concerns.
About the Author
VAT People are leading VAT and Customs Duty
consultants based in the
North West of England. We work with a wide range of businesses
throughout the UK as well as assisting our accountancy colleagues to
unravel the thorny VAT issues for their clients. We are one of the UK's
largest and most comprehensive sources of VAT and Customs advice, our
consultancy team having over 140
years of experience in VAT and Customs
gained in either HMRC or a Big 4 accountancy practice environment.
Call us on our VAT helpline 0800 077 4604 to discuss. All initial discussions are free with no-obligation.
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Article Published/Sorted/Amended on Scopulus 2013-09-30 14:35:40 in Tax Articles