The implementation of the digital EUVAT2015 rules drastically delayed our plans to offer our digital download products for sale. If you really want to learn more about Digital VAT, read on…
The Digital Download VAT Challenge
In order to fully comply with, whilst reducing the overly burdensome administration of, digital VAT rules (also known as EUVAT), the decision was eventually taken to offer digital download collections via external marketplaces that process the digital vat for us, as shop owners.
To this end…
Fine Art Textures
Giving it a new focus of fine art textures, Diane resurrected an old, abandoned…
Patterns + More
Following some respected encouragement, White Lane Studio also recently opened on…
Small Business Options
This image by Dave Walker outlines the options that all micro and small businesses offering digital products have, and continue, to face:
We decided to go with option No 2.
Un-Even Playing Field
Unfortunately, the digital product playing field is not even, as many small businesses still do not know they have to charge, process and pay this vat.
- Some wrongly think that it doesn’t apply to their business.
- Others are simply ignoring it (are hoping they don’t get caught)!
If you want some ‘key-facts’ – Read more ABOUT DIGITAL VAT
Many more countries around the world have since jumped on the bandwagon of collecting ‘Digital VAT’, making it increasingly challenging for micro and small businesses to manage themselves.
Of course the rules & regulations will no doubt all change again – what, with ‘Brexit’ here in the UK and proposals to add vat on physical products!
We can be certain that there are more VAT challenges ahead for micro & small businesses.