HMRC latest VAT MOSS briefs

VAT Information Sheet 1/2016: VAT MOSS exchange rates – December 2015 details the common currency exchange rates for use by VAT mini one-stop shop (MOSS) businesses registered in the UK when making declarations and payments to HMRC in sterling for the period ending December 2015. The VAT mini one-stop shop provides a way for businesses to register and account for VAT on digital supplies made to private consumers in the EU. See www.bit.ly/1RJApqj.

Revenue & Customs Brief 4/2016  confirms that HMRC will allow UK businesses trading below the VAT registration threshold (when using the VAT MOSS system to account for cross-border supplies of digital...