The deadline for the first VAT Mini One Stop Shop (MOSS) returns is fast approaching. Union and non-Union MOSS VAT returns covering the period 1 January 2015 – 31 March 2015 need to be submitted by 20 April 2015.
This is a much tighter VAT deadline than businesses have for compiling and submitting their UK VAT returns so it is important to ensure that you have details of the values of supplies made by country available in time to submit the return.
HMRC have recently issued detailed step-by-step guides on how to create and submit the VAT MOSS returns which it is worth taking a look at:
- For Union VAT MOSS returns see https://www.gov.uk/government/publications/vat-mini-one-stop-shop-union-return-guides.
- For non-Union VAT MOSS returns see https://www.gov.uk/government/publications/vat-mini-one-stop-shop-non-union-return-guides.
Early indications from the European Commission were that fewer than 7,000 businesses (including 500 non-EU NETP businesses) had registered for MOSS across the EU which are significantly lower numbers than had been expected. It will be interesting to see whether these numbers have increased once the first returns have been submitted.
See our earlier blog item January 2015 VAT Changes Less Than a Month To Go Are You Ready for further information on the new VAT BTE rules and MOSS returns.
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