New EU VAT regulations could threaten micro-businesses

[memyselfandus]

Maybe old news to some.

From 1 January 2015, 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.

UK businesses are currently exempt from paying VAT if they sell under £81,000 worth of products a year. However this threshold will be removed for those exporting digital products and services to Europe, from New Year’s Day.

http://www.theguardian.com/small-busine ... businesses

[scintillator]

http://www.kvraudio.com/forum/viewtopic ... 3&t=407861