03-26-2014, 05:56 PM | #31 |
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03-27-2014, 04:47 AM | #32 |
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I'm afraid I don't know. Any else know?
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04-04-2014, 07:43 PM | #33 |
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My understanding that is that each EU country will continue to be able to set their own tax rate for B2C electronic services (aka ebooks).
And in fact, that this lack of harmonisation is the direct cause for the introduction of this new bureaucratic nightmare. So now a selfpub author or publisher selling directly within the EU will have to know: a) which country in the EU their customer is purchasing from; b) what the right VAT level is for that country to charge them at the point of sale; and then c) at the end of each VAT quarter, submit a different VAT report to each EU member state to pay the right amount of tax in the right currency. I'm involved in a project where this is a major factor at the moment, so keep throwing questions at the accountants concerned along the lines of "so. this law that is coming into effect in 8 months time... do we need to do THIS or do THAT?" and the answer keeps coming back "don't know. the EU hasn't decided yet" I wrote a blogpost about this last September... http://blog.luzme.com/2013/09/sell-e...rope-vat-2015/ Nothing much has changed since... Rachel P.S. Common Market, what "Common Market" ? Utter madness... |
04-06-2014, 08:57 AM | #34 | |
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Quote:
I don't think there is any such rule. The EU Commission was taking action against Lux and Fr for doing just that and in general the policy was against special rates unless grandfathered or within existing guidelines. |
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04-06-2014, 09:02 AM | #35 |
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[QUOTE=rwillmer;2802799]My understanding that is that each EU country will continue to be able to set their own tax rate for B2C electronic services (aka ebooks).
So now a selfpub author or publisher selling directly within the EU will have to know: a) which country in the EU their customer is purchasing from; b) what the right VAT level is for that country to charge them at the point of sale; and then c) at the end of each VAT quarter, submit a different VAT report to each EU member state to pay the right amount of tax in the right currency. === If you were selling physical goods by mail order you already have to do just that just as Amazon has to (unless your sales to a EU state are below the threshold - ~£98,000 for the UK). Of course if you sell via Amazon they probably do all the work for you. |
04-06-2014, 09:45 AM | #36 |
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But, as far as physical books are concerned, they have a Zero VAT rate in the UK and, ASFAIK, the rest of the EU...
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04-06-2014, 09:50 AM | #37 |
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Would this affect Smashwords, who sell worldwide from the same site?
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04-06-2014, 11:41 AM | #38 |
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04-07-2014, 04:32 AM | #39 | |
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04-07-2014, 05:30 AM | #40 | |
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04-07-2014, 05:51 AM | #41 |
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I love India
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