|
The proposed changes. It is currently proposed that when a business sells services (not goods) to EU consumers, and the value of such sales is more than 100,000 euros (£62,000 / $93,000) in a 12-month period, that business should be made to register for EU VAT liability.
Since I am a UK business with both adult and non-adult interests registered for VAT. Hence I already pay the tax, to me this is just levelling the playing field.
The US, being a net exporter of online services, is against this tax. The EU, being a net importer of digital sevices is by and large for the tax. It will be interesting to see whether any retaliation is forthcoming.
__________________
In 1904, Charles Newman-Berry connected two abacus's together using specially enhanced GrapeVine thus inventing the first Internet connection.
NEWMAN-BERRY CASH
Paying webmaster since 1904
|