EU: VAT reporting rules for telecommunications, broadcasting and eservices mini one stop shop scheme

The Implementing Regulation No 815/2012 defining the VAT reporting rules for the mini one stop shop scheme (“MOSS”) for B2C telecommunication, broadcasting and eservices in the EU has been made officially available.

You can find some more information here and here (check second item) and access the text of the Implementing Regulation here.

For the implication of the new B2C ebiz 2015 EU VAT rules you might wish to check this article, and this article for the definition of the eservices in the EU.

What does this mean for you?

If your company is providing telecommunication, broadcasting and/or eservices to EU B2C customers this Implementing Regulation should be a mandatory reading for you. The Implementing Regulation will apply as of 1 January 2015. This (hopefully) gives the EU countries enough time to implement their local legislation dealing with this issue and adjust their online VAT reporting portals for the MOSS reporting requirements.

The Implementing Regulation provides you with valuable input on exactly what data will be required from your company for the MOSS VAT registration (see Annex I of the Implementing Regulation) and what data for the reoccurring VAT reports (see Annex III of the Implementing Regulation). You should find this information invaluable for setting up your internal reporting processes and adjusting your ERP system to the new VAT reporting requirements.

Have you made any thoughts about how the new MOSS requirements will influence your reporting processes and when you need to start updating them?