Whilst I agree with most of what he and you have written I'm struggling to get my head around the additional burden. Chris must already be dealing with and filing accounts and self-assessment for overseas sales so I don't understand why this is causing folk to be overwhelmed? It is extra admin...
Have any of these given clear reasons? I'm genuinely interested to know how this affects them above and beyond their current accounting and tax obligations.
Getting back on topic, it seems Bandcamp have added functionality to their software and provide the tax info with the other data their service provides.
https://bandcamp.com/help/selling#eu-vat-digital. Check the "What about taxes" section.
As mentioned before I'm struggling to understand...
You seem to think there is some seismic change to cross-border sales being implemented. There isn't. Businesses already have to declare where they're sending their stuff for VAT purposes. All that is being asked is that you follow exactly the same process as before but apply the VAT at the other...
Oh, so the issue is with ropey 2-bit payment systems not asking where their customers reside as opposed to the EU screwing things up. Thanks for clarifying.
As I mentioned, I am a small operator in the EU and I know how difficult it will be if the UK left the EU. There are processes in place to make an onerous time consuming task take me 5 mins and I presume the HMRC benefit from these processes as well. Every other trader will be hit the same, or...
PayPal surely must know where the payment comes from? I would have thought this is a basic requirement to prevent laundering and other criminal activity?
Hmmmm. There seems to be a lot of scaremongering in this article. If you're flogging stuff you need to keep accounts regardless. Adding VAT into the mix isn't a big deal as far as I'm aware. I sell my services to the EU from a British company and it's a very easy process indeed..... ironically...