BREXIT and VAT

Major changes afoot.

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Assuming we ever actually Brexit, does this mean that we can change VAT rules in terms of place of supply so that we can get out of VATMOSS ??

Replies (24)

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By Tim Vane
15th Nov 2016 16:24

Do you have a pin? If so, stick it in the following list and you'll have an answer.

Maybe
Yes
No
Unlikely
Likely
Possibly
Impossible
Sure
Never
Sucky
More sucky
Less sucky
Sheesh

If that answer is not good enough, I guess you'll just have to wait and see, like the entire rest of the world.

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Replying to Tim Vane:
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By mbbfcca
16th Nov 2016 10:30

But perhaps the CCAB should be looking hard at this as an opportunity to press for less red tape.

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Replying to mbbfcca:
Portia profile image
By Portia Nina Levin
16th Nov 2016 10:55

Or maybe they should just do cartwheels.

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Replying to Tim Vane:
By Democratus
16th Nov 2016 12:55

Damn it, now i have a hole on my PC screen......

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By mrme89
15th Nov 2016 16:30

With all that is changing to the profession, I think trying to guess what may or may not happen is a pointless exercise.

Tim, I wish I had put the pins in my eyes instead of clicking into this thread.

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paddle steamer
By DJKL
15th Nov 2016 16:47

Well, if not within the EU have a look at what non members need to do re sales of digital services to individuals within the EU.

"Businesses outside the EU (for example, the USA) that supply digital services to consumers in one or more EU member state are also affected by the changes."

https://www.gov.uk/government/publications/vat-supplying-digital-service...

Looks to me as if "you can check-out any time you like, but you can never leave"

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Replying to DJKL:
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By Mcgovern43
18th Nov 2016 18:24

The Conservatives did mention that they will still be keeping some of their EU requirements post Brexit. Given that VAT was only introduced in the UK when Britain joined the EU in 1973, I cannot see them dropping this tax. They will rename it as something else.

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Replying to DJKL:
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By Mcgovern43
18th Nov 2016 18:24

The Conservatives did mention that they will still be keeping some of their EU requirements post Brexit. Given that VAT was only introduced in the UK when Britain joined the EU in 1973, I cannot see them dropping this tax. They will rename it as something else.

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Replying to DJKL:
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By Mcgovern43
18th Nov 2016 18:24

The Conservatives did mention that they will still be keeping some of their EU requirements post Brexit. Given that VAT was only introduced in the UK when Britain joined the EU in 1973, I cannot see them dropping this tax. They will rename it as something else.

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Replying to Mcgovern43:
RLI
By lionofludesch
19th Nov 2016 09:19

Rename it ?

Have the EU copyrighted it ?

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RLI
By lionofludesch
15th Nov 2016 16:56

There won't be a lot of changes in VAT. It's a productive tax that works well. Even in countries outside the EU, they've copied its principles.

Best you can hope for is a few tweaks such as, happen, the abolition of the reduced rate for goods - or just some goods - which the Government wanted to zero-rate but the EU blocked it.

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By ireallyshouldknowthisbut
15th Nov 2016 17:42

Surely the "Best guess" would be what every other non-EU member has to do.

Ie pick a country, set up a VAT entity in that country and use that to trade through.

But who knows, there is no plan.

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RLI
By lionofludesch
15th Nov 2016 19:07

Just out of interest, do foreign countries have stupid names like Mini One Stop Shop too ?

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Replying to lionofludesch:
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By Chipette
15th Nov 2016 19:49

"Le mini-guichet unique" :-)

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chips_at_mattersey
By Les Howard
16th Nov 2016 09:15

Or, you could opt to register in every MS in which you make supplies, irrespective of value.

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Portia profile image
By Portia Nina Levin
16th Nov 2016 10:27

I thought I posted this yesterday, but my post must be hiding.

VATMOSS is not going to go away. If you electronically provide services to consumers in the EU post-Brexit, you will need to register in a Member State to deal with your VATMOSS obligations. The Republic of Ireland seems to be the logical place for UK businesses to register, given that the Irish Revenue speak English and are helpful.

I would recommend any tax service customer to change their tax service provider to the Irish Revenue.

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Replying to Portia Nina Levin:
By Democratus
16th Nov 2016 12:54

True
They answer the phone, don't seem to read the same webpage back o you that you have just looked at, you can get a name and call back the same person, and most importantly they don't have .GOV.UK!

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Replying to Portia Nina Levin:
paddle steamer
By DJKL
18th Nov 2016 14:26

Portia Nina Levin wrote:

VATMOSS is not going to go away. .

Well, if the French next year follow us and the USA in throwing up unexpected results it might!!!!!!!

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By Myshkin
18th Nov 2016 10:48

Surely wanting to change the VAT rules is why 17 million voted for Brexit? (Only kidding - I know fine well it was racist xenophobia.)

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Replying to Myshkin:
By Tim Vane
18th Nov 2016 11:25

Myshkin wrote:
Only kidding - I know fine well it was racist xenophobia.

Ah yes, the "people who don't agree with me must be racist" approach. How mature.

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Replying to Tim Vane:
RLI
By lionofludesch
18th Nov 2016 11:33

My thoughts entirely.

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Replying to Myshkin:
Portia profile image
By Portia Nina Levin
18th Nov 2016 11:40

I voted to leave, and I am not a racist xenophobe. I just frigging hate Europeans. And Americans.

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Replying to Portia Nina Levin:
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By Pygmy
18th Nov 2016 12:40

I'm not xenophobic I'm misanthropic

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7om
By Tom 7000
18th Nov 2016 12:38

Only if someone in Whitehall thinks its a good idea......

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