Please have a read about the new EU VAT Tax legislation coming into play on the 1st January, 2015. This affects you! Everybody, including those of you who don’t live in the EU, will be affected by this legislation. The USA too, it’s already being discussed by your legislators. This excerpt is taken from the EU VAT Action Group website here. This is real. You can read more online, simply go to the EU’s official sites, HMRC, or the VAT Action Group’s site. This page is administered by crafts people, artists, musicians and others who are affect by this legislation. This could be the end of PDF patterns for everybody.
“Businesses all over the world must soon capture personal and financial data about their customer in order to find out where they are in the world. They must then charge and administer VAT to that customer according to each EU country’s rates – which, confusingly, means understanding 75 different rates in 28 EU Member States. These businesses must also keep customer records securely for ten years, become a registered data handler and take on the responsibility of ensuring none of their customer’s personal data is compromised or leaked.
These technical requirements are unachievable for most tiny online businesses, which are often run from people’s kitchen tables or in their spare time to supplement their income. Suddenly selling a £2.99 eBook from Belgium to a customer in France becomes a costly, bureaucratic nightmare.
This new law applies only to digital products but the EU has made it very clear that if the 2015 rollout is a success they will be applying similar legislation to all physical goods and services from 2016 onwards. Other countries around the world are following suit, with South Africa, Japan, Canada and Singapore already implementing or planning similar digital tax legislation. Soon any online business, no matter the size, could find itself remitting tax to dozens of countries around the world.”