MOSS – How can we help?

ACT is now in a position to advise and assist you on the new EU VAT rules that will come into force with effect from 1st January 2015 How can we assist?  We can – Provide you with answers to all your questions related to 2015 VAT changes and the MOSS scheme; – Analyse any consequences […]

Written By ACT Team

On November 6, 2014
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ACT is now in a position to advise and assist you on the new EU VAT rules that will come into force with effect from 1st January 2015

How can we assist?  We can

– Provide you with answers to all your questions related to 2015 VAT changes and the MOSS scheme;

– Analyse any consequences that might have an effect on your business due to the new changes in 2015;

– Analyse the possibility to use the Mini One Stop Shop (MOSS) scheme;

– Analyze what data you will need to gather for reporting purposes;

– Register your business for the purposes of the MOSS scheme;

– Prepare quarterly MOSS returns;

– Provide advice on invoicing requirements; and

– Assist your business in all aspects related to the new MOSS procedure (payments, deregistration etc).

The main advantage of the MOSS is the simplified measure that allows businesses not to be VAT registered in each of their customers’ countries.  Instead, taxpayers registered for the MOSS scheme in a Member State of Identification, will be able to submit electronic quarterly returns, providing details of supplies of telecommunication, broadcasting and electronically supplied services to customers in other EU Member States.  These quarterly returns, together with the VAT payment, are then transmitted by the Member State of Identification to the corresponding Member States of consumption via a secure communication network.

How can we help?  

For further information, please contact one of the firm’s tax partners, Stephen Balzan on [email protected] or Elaine Camilleri [email protected]. ACT can help you understand the changes to the tax rules and how these can impact your business.  

Apart from its offices in St. Julian’s Malta, ACT operates from a second office in Gozo, which is situated in the capital city of Victoria.  For an appointment in our Gozo office, please call on 00356 21378672 or send us an email on [email protected].