The VAT and mini one-stop shop (MOSS) system is four months old and it is reported 350,000 UK business have been impacted by the tax rules, against a HMRC estimate of just 5,000. The administrative burden throughout the Europe has turned out to be much greater than put about by the European Commission and there are political moves to try to do something. But any agreed would be a long way off. Meanwhile small UK businesses have it seems the stark choice of complying with the strict rules or dropping out of European online trading.
Tax Barrister, Accountant