Impact of EU VAT from Jan 01 on selling ebooks

[clarelondon]

Comments

[marasmine]

I hope my brain only hurts because I've put in a 14.5 hour day at work. Does the VAT threshold not apply in this? Or is it different from country to country and they go with the lowest?

[clarelondon]

This is separate from the VAT threshold that UK businesses are used to. It hits as soon as a digital sale is made. Yes, totally unfair! and that's one of the things lobbyists are trying to get sorted. But a large part of the issue is getting a level that all the EU countries will agree to. Madness.

[clarelondon]

And 14.5 hours?!! They're working you too hard!! *hugs*

[jordan_c_price]

It looks like there is no threshold for US sales to the EU, is that how you read it? Like if I sell a single ebook I have to register and pay VAT on it?

[clarelondon]

Hell yes, no threshold at the moment. I stupidly hadn't thought of JCP Books. Talk to me later offline as your trusty accounts consultant :( :)

[ext_1046943]

Thank you for this... will share... :)

RJ X

[clarelondon]

Thanks Liam. I'll be posting any updates both here and on my Quids & Quills Facebook page https://www.facebook.com/quidsandquills.