There are two compliance options; VAT register in each Member State where you make sales to non-business customers or use the Mini One Stop Shop (“MOSS”) simplification scheme. Watch our short video detailing the pros and cons of each.
Note: If you sell electronically supplied services (apps, e-books, music etc.) through an online third party platform, the platform may be responsible for the VAT.
Option 1: Use local VAT registrations
Some businesses may prefer to account for VAT using their existing EU VAT registrations or create new ones. This could result in a business having up to 28 different VAT registrations across the EU.
KPMG’s Global Services Compliance Solution can remove the burden of meeting multiple reporting obligations by offering a practical, centralised outsourced service to meet the VAT compliance needs of your business. Read more information in our KPMG’s Global Services Solution brochure. Contact Ruby Buckland (firstname.lastname@example.org) with any enquiries you may have related to this offering.
Option 2: The Mini One Stop Shop (MOSS)
A MOSS VAT registration will allow a business to account for all of its VAT via a single online web-portal. Whilst for some businesses this option may be attractive from an administrative standpoint, a MOSS VAT registration will equally create its own unique issues such as shorter payment deadlines and longer record keeping obligations.
KPMG's Client Outsourcing team can help your business to consolidate its data and submit its MOSS VAT return accurately and on time. Contact Joanne Moore (email@example.com) with any enquiries relating to this offering.