(September 18, 2014)
On September 16, HM Revenue & Customs tweeted that it has issued guidance on the new VAT supply rules for digital services, coming into effect on January 1, 2015.
Attached to the tweet is a document titled: “Broadcasting, telecommunications and e-services; rule changes from January 1, 2015”.
On January 1, 2015, changes will be made to the European Union (EU) VAT place of supply of services rules involving business to consumer (B2C) supplies of broadcasting, telecommunications and e-services (digital services). Currently, the place of taxation for digital services supplies is determined by the location of the supplier of the services. However, from January 1, 2015, the place of taxation will be determined by the location of the consumer.
The guidance issued by the UK discusses subjects like a.o.:
- Who is making the supply?
- Where is the place of taxation?
- VAT Mini One Stop Shop (VAT MOSS).
Click here to be forwarded to the document that was attached to the September 16, 2014 tweet of the HM Revenue & Customs, (the HMRC document will open in a new window).
* Special thanks to Satwaki Chanda from Tax Notes (taxnotes.co.uk) for bringing the Twitter feed, and the guidance attached to it, to our attention.
Copyright – internationaltaxplaza.info