This is where the reciprocity promised to the world by the US over FATCA (the US's extraterritorial tax law) may begin to rear its head. Every bank and financial system in the world has had to comply with US tax law…
I can only answer for the UK, but we have to go back to last autumn, when everyone started finding out about VATMOSS at all. HMRC did not communicate anything about EUVAT to anyone but businesses above a certain size…
You have a great day too, thekevan!
Even their own tax page (linked to below) says that donations are considered earned income. HMRC does not care where it comes from or what it's called. It's income.
I forgot to include the part where every EU creator will also be obliged to register as a data controller with their national data protection authority, to ensure proper reportage and archiving of the VAT invoices which…
Because that's what EU law, and its member states, have decreed. For example, here is the guidance from HMRC in the UK. https://www.gov.uk/government/publications/vat-supplying-dig... Per this law, the third party…
That escalated quickly...
We probably should have clarified that this is an online and and offline law affecting all sales and purchases, not just e-commerce ones. The law provides better protections to consumers, but it also provides some…
Hi all - glad to see the interview creating such a buzz! Regarding all your questions, I've listed all the original source texts of the law and its implementing guidance here.…
This is where the reciprocity promised to the world by the US over FATCA (the US's extraterritorial tax law) may begin to rear its head. Every bank and financial system in the world has had to comply with US tax law…
I can only answer for the UK, but we have to go back to last autumn, when everyone started finding out about VATMOSS at all. HMRC did not communicate anything about EUVAT to anyone but businesses above a certain size…
You have a great day too, thekevan!
Even their own tax page (linked to below) says that donations are considered earned income. HMRC does not care where it comes from or what it's called. It's income.
I forgot to include the part where every EU creator will also be obliged to register as a data controller with their national data protection authority, to ensure proper reportage and archiving of the VAT invoices which…
Because that's what EU law, and its member states, have decreed. For example, here is the guidance from HMRC in the UK. https://www.gov.uk/government/publications/vat-supplying-dig... Per this law, the third party…
That escalated quickly...
We probably should have clarified that this is an online and and offline law affecting all sales and purchases, not just e-commerce ones. The law provides better protections to consumers, but it also provides some…
Hi all - glad to see the interview creating such a buzz! Regarding all your questions, I've listed all the original source texts of the law and its implementing guidance here.…