3 ms·
The reverse charge mechanism is great. Well, it's better than the old alternative you mentioned, but that's a bit like saying the MOSS scheme is great because
by Silhouette 10y ago
The reverse charge mechanism is great.
Well, it's better than the old alternative you mentioned, but that's a bit like saying the MOSS scheme is great because otherwise you'd have to register and file returns in every EU member state where you sold a single £5 knitting pattern PDF from your kitchen table business. Being better than a system so insanely disproportionate and over-complicated that small businesses would have no hope of complying isn't particularly impressive.
- anderspetersson 10y agoYeah, it's abit insane. I spent a week or so implementing this for my saas not long ago. Hopefully this will change in 2018 for companies making less than 100k EUR/month: https://ec.europa.eu/taxation_customs/business/vat/digital-single-market-modernising-vat-cross-border-ecommerce_en https://ec.europa.eu/taxation_customs/business/vat/digital-s...
- Silhouette 10y agoLet's hope so, though I fear this will be a case of "too little, too late" for many small businesses. It's been more than two years now since the new system was introduced, and it seems many micro-businesses have already ceased trading as a result. Slightly larger businesses have probably either taken on significant extra compliance costs or ceased trading with customers elsewhere in the EU. All of that damage has already been done. :-(