Please correct me, if I have misunderstood the new rules.
The new rules are very bad for non-VAT registered UK companies which create and sell digital goods. If my company continues selling (http://www.virtsync.com) to EU countries, it would have to register for VAT in each EU country.
For £2k in sales, I would have to do VAT returns for 27 countries, in several foreign languages! It is clearly not worth it.
Comments
Please correct me, if I have misunderstood the new rules.
The new rules are very bad for non-VAT registered UK companies which create and sell digital goods. If my company continues selling (http://www.virtsync.com) to EU countries, it would have to register for VAT in each EU country.
For £2k in sales, I would have to do VAT returns for 27 countries, in several foreign languages! It is clearly not worth it.
(VAT-registered companies can use HMRC's MOSS: https://www.gov.uk/government/publications/vat-supplying-dig...)