What was the VAT rate in 2014?

What was the VAT rate in 2014?

20%
VAT rate rises from 17.5% to 20%

What is EU digital goods VAT tax?

There is no universal EU VAT rate for digital goods. Instead, the rates vary from 17-27% across all the countries.

What is VAT exempt Germany?

VAT in Germany. The following are exempt from German VAT: export deliveries, the intra-community supply of goods, services provided by professional groups, financial services, cultural services, voluntary services. Businesses are required to register for VAT in Germany when the annual turnover exceeds a certain value.

Does VAT apply to digital purchases?

If you are a business making supplies of digital services to UK consumers, those supplies are liable to UK VAT. If you make supplies of digital services to consumers outside the UK these are not liable to UK VAT. They may be liable to VAT in the country where the consumer is based.

What is EU VAT Moss?

VAT MOSS is a way of paying VAT if your business supplies certain digital services to other EU countries. VAT MOSS (which stands for Value Added Tax: Mini One Stop Shop) was introduced so that UK sellers could just pay VAT to HMRC, instead of having to register for VAT in every EU country.

How can you avoid paying VAT?

If you happen to offer a variety of products or services which are distinctly different, you may be able to avoid passing the VAT threshold by chopping up your business into smaller businesses that handle one product or service each. Your annual revenue is now split up between these separate businesses.

What is zero rated VAT?

Zero rate. Zero-rated means that the goods are still VAT -taxable but the rate of VAT you must charge your customers is 0%. You still have to record them in your VAT accounts and report them on your VAT Return.

How much is VAT in Greece?

Value-added tax (VAT) The standard VAT rate is 24% (applicable to all goods and services that are not subject to the reduced or super reduced VAT rate, which are explicitly enumerated in the law).

How much is VAT in EU countries?

The EU sets the broad VAT rules through European VAT Directives, and has set the minimum standard VAT rate at 15%. The 27 member states (plus UK) are otherwise free to set their standard VAT rates. The EU also permits a maximum of two reduced rates, the lowest of which must be 5% or above.

What are the VAT place of supply rules for digital services?

Find out about the VAT place of supply rules if your business sells digital services to private consumers. For VAT purposes the place of supply rules set a common framework for deciding in which country a transaction should be subject to tax. For supplies of cross-border digital services to non-business consumers you should check:

What are the new EU VAT rules for UK businesses?

The rules only apply where a UK business: charges consumers for digital services(digital services given free of charge are not affected by the rules) supplies services from the UK to private consumers in another EU member state has EU consumers that are not VAT-registered businesses

Can a customer claim to be in business but not VAT registered?

If a customer cannot supply a VAT registration number but claims they’re in business but not VAT registered because, for example, they’re below their country’s VAT registration threshold, you can accept other evidence of your customer’s business status. For example, a link to the customer’s business website or other commercial documents.