On January 1st 2015, the EU is introducing changes to the VAT rules that will affect anyone selling digital products to consumers in the EU. As numerous people have pointed out, this is going to add a huge amount of paperwork that will be particularly burdensome for very small businesses.
There are calls for an exemption to the rule for small businesses and that’s an idea I very much support.
Many small businesses have taken to Twitter today to voice their concerns about this issue using hashtag #VATMOSS. Not surprisingly, the hashtag #VATMESS has also been popular. Here are some of the top #VATMESS tweets so far:
— Gilbert Pellegrom (@gilbitron) November 25, 2014
— Woolly Wormhead (@WoollyWormhead) November 25, 2014
— Mimi Hammill (@MimiDraws) November 25, 2014
— Savvy Mums Business (@SavvyMumsBiz) November 25, 2014
— Carrie Green (@FEAtweets) November 25, 2014
— Simply Business (@simplybusiness) November 25, 2014
— Ysolda Teague (@ysolda) November 25, 2014