Comment on London’s tech sector is under threat from EU VAT reformsparentComments−mootothemax11yThe title is rather link-baity as other than a bit of an accounting headache, this isn't really going to affect anythingThe headaches are quite large, to be fair:- The VAT rate charged is now the customer's local rate, rather than the seller's.- Verifying the customer's country via IP address or credit card location in addition to the address provided. No match, no sale.I haven't heard any complaints from other countriesFunnily enough, I'm having various arguments with annoyed accountants right this very second (I'm based in Poland).I guess it depends on the local language being spoken.
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The title is rather link-baity as other than a bit of an accounting headache, this isn't really going to affect anything
The headaches are quite large, to be fair:
- The VAT rate charged is now the customer's local rate, rather than the seller's.
- Verifying the customer's country via IP address or credit card location in addition to the address provided. No match, no sale.
I haven't heard any complaints from other countries
Funnily enough, I'm having various arguments with annoyed accountants right this very second (I'm based in Poland).
I guess it depends on the local language being spoken.