Thursday, June 23, was a seminal moment in the UK’s political history as it’s citizens voted by a margin of 52% to 48% to leave the European Union (EU).
But what does the Brexit vote mean for digital service multinationals already based in the UK, or for ones considering a base there?
The first thing to note is that it is not yet clear what relationship the UK will have with the EU once Brexit has officially come into effect.
In this post we are covering how the non-Eurozone Member States require VAT MOSS users of their portals to submit returns, and in what currency.
There are nine non-Eurozone countries: Bulgaria, Croatia, Czech Republic, Denmark, Hungary, Poland, Romania, Sweden, and the United Kingdom.
When it came to VAT MOSS return requirements these nine EU Member States had the option of requiring the return to be submitted in their local currency or in euro.
You asked us and now we answer your questions about the new EU VAT rules. The 20 questions in this blog post were posed by participants – online and in person – during Taxamo’s seminar in London. Our full EU VAT event is online here.
1. How is it determined who is making the digital service supply? Article 9(A) of the implementing regulations outlines who will be affected by these new cross-border rules.