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New EU VAT rule, digital services

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › New EU VAT rule, digital services

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by Tax Tutor.
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  • November 19, 2016 at 10:52 am #349971
    frry06
    Participant
    • Topics: 18
    • Replies: 65
    • ☆☆

    Do you know if the syllabus is updated with the new VAT rule for digital services provided to non-business customers in EU?

    The new rule says that the VAT rate to be charged should be the rate of the country where the consumer is. Then the seller have to send the VAT to the member country of the consumer.

    https://www.gov.uk/government/publications/vat-supplying-digital-services-to-private-consumers/vat-businesses-supplying-digital-services-to-private-consumers

    November 22, 2016 at 8:43 am #350569
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    You need only know the relevant legislation for 2015/16 as updated in the FA 2015 technical update written by the examining team for what is then contained within the F6 syllabus

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