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22nd March 2013
Posted in Articles, VAT by Andy Burrell & Linda Manson
We present a summary of the main changes to VAT arising from the 2013 Budget.
From 1 April 2013:
Subject to the outcome of the consultation, the plan is to withdraw this exemption from 1/08/13. Transitional reliefs may be introduced.
From 1/01/15, intra-EU B2C supplies of such services will be taxed in the Member State where the customer is located.
To save multiple VAT registrations across the EU, it will be possible to account for VAT due in other Member States via a ‘Mini One Stop Shop’, using a single return.
Included within these provisions are the supplies of mobile phone services, access to the internet, video and music downloads, gaming, e-books, anti-virus software and on-line auctions.
Standard rate:
Reduced rate:
With a view to redesigning the scheme to make it easier to use and more efficient.
With a view to enabling zero-rating of exports to businesses that are VAT-registered in the UK but have no business establishment here, where they arrange for export to a non-EU destination.
This consultation has identified significant issues and the proposal will not proceed as planned. The Government will look for alternative proposals for further consultation.
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