Value Added Tax (VAT) is the third largest source of government revenue after Income Tax & NI. All businesses that provide taxable goods or services with a turnover of £85,000 or above in a 12 month rolling period must register for VAT.
As from 1st January 2015, EU VAT rules change for those selling digital products and services to Europe
EU VAT will be charged in the country where products are bought as opposed to the country where they are sold. The legislation applies to digital products only, such as e-books, online courses or downloads.
If your business supplies digital services to the EU, Fritzons can help you can register for the HMRC VAT Mini One Stop Shop (VAT MOSS) scheme.