Showing posts with label one stop shop. Show all posts
Showing posts with label one stop shop. Show all posts

Monday, August 12, 2013

What is the Mini One Stop Shop (MOSS)?

Last year, the EU decided to change how VAT is collected for e-services, telecommunication or broadcasting services to B2C clients within the EU. Examples of telecommunications services include fixed and mobile telephone services; paging, fax and telex services; access to the internet. Examples of broadcasting services include radio and television programmes transmitted over a radio or television network, and live broadcasts over the internet. Examples of e-services include video on demand, downloaded applications (or “apps”), music downloads, gaming, e-books, anti-virus software and online auctions. Starting in 2015, every business involved in such activities will have to collect VAT at the rate where the client resides. Today, unless the business in a given country exceeds the VAT threshold, VAT is collected at the rate where the business is located (distance selling rules).