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Post Info TOPIC: BKN Weekly Bulletin - Friday 7th November 2014 (Issue 175)


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BKN Weekly Bulletin - Friday 7th November 2014 (Issue 175)


BKN Weekly Bulletin - Friday 7th November 2014 (Issue 175)

Welcome to the BKN Weekly Bulletin, our weekly update to keep members informed of the latest BKN website updates, just to ensure you don't miss anything new!


- Mino One Stop Shop (MOSS) (Posted Thursday 6th November 2014) http://tinyurl.com/kl3dxdk

- HMRC Taskforce at Large (Posted Thursday 6th November 2014) http://tinyurl.com/moj3xg6 

- Underpayment of Tax - HMRC P800 Error? (Posted Thursday 6th November 2014) http://tinyurl.com/l7gwjp2

- Our 'Find a book-keeper Directory' - Book-keepers wishing to be included in the BKN 'Find a book-keeper Directory' are advised to check out BKN Full Membership, which includes a wide variety of resources and costs just £24 per yearhttp://www.book-keepers.net/join-us

Kind regards,

The BKN Team

www.book-keepers.org.uk / www.book-keepers.net
 



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Steven Hillman FCA

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All three items link to the MOSS article! On the subject of which, the last paragraph "Please also note that you need to be VAT registered in the UK before you can use the MOSS system." is a rather subtle way of announcing that this is a nightmare for suppliers who aren't VAT registered! I know the article is about MOSS, but anyone reading it who isn't VAT registered, may dismiss the subject as something that's not relevant to them, when it could drop them right in a pile of rather nasty brown smelly stuff!

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John


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Hi John,

I looked at them this morning after they were first released and just rechecked them again now. All of them go to where they are supposed to go to.

Before trying it again, try hitting CNTL + F5 as you may have an issue with Cache not being flushed.

Is anyone else having the same problem as John?



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Shaun

Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.



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I've tried F5, CNTL + F5, and cleared my Firefox cache. When I point at the links I see this, and also when I Copy Link Location. The first two go to the MOSS page, and the third to HMRC Taskforce at Large, not Underpayment of Tax! One time I think it did something different, but my brain was hurting by then!

www.book-keepers.net/the-bkn-blog/3144493
www.book-keepers.net/the-bkn-blog/3144493
www.book-keepers.net/the-bkn-blog/3144489

It seems to work properly in Internet Explorer though!

PS - After posting this, I reloaded the page and now all three point to http://www.book-keepers.net/the-bkn-blog/3144489!!!!!



-- Edited by EPF_Solutions on Friday 7th of November 2014 04:04:40 PM

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John


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I'm in Firefox as well and its working fine for me.

Interested to know if anyone else is having issues.

Sounds as though you have got around it for now via IE but I'll mention that this occured to Steve the next time that we speak (he'll have probably read this thread before then).

Thanks for letting us know John,

kind regards,

Shaun.

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Shaun

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Hi Shaun,

Working fine for me in IE. Just checked Google Chrome and all the links ok there too.

Kind regards

Jackie



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Ran CCleaner and restarted my computer, which installed Firefox 33.0.3. Now I've got MOSS first and third, and Taskforce at Large second (correctly). Think I need to go and lie down. Or just go back to browsing Facebook and forget this accounting stuff!!!!

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John


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_________________________________________________________________________________________________________________________

Posted by BKN

The VAT MOSS portal is now open for businesses to register (see https://www.gov.uk/vat-on-digital-services-in-the-eu), but it's not going to solve all the admin nightmares. For instance:

- you need to know the VAT rates that apply to your products in all the countries you sell to;
- your VAT invoices to customers in other countries must comply with the local regulations - which are NOT the same across the EU;


Please also note that you need to be VAT registered in the UK before you can use the MOSS system.

__________________________________________________________________________________________________________________________________________

Given that in some countries there are is no VAT threshold does this mean that if you sell digital goods in one of those countries you will have to register for VAT in this country, even if you're under the UK threshold?



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John



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Hi John,

The Grant Thornton paper on this seems somewhat better than HMRC's version which as usual comes accross as if they are attempting to hide something between the lines.

Basically if seems that if you deal in electonic media with the EU you either register for VAT here regardless of your turnover or alternatively (!) in up to 27 other countries all with different rules.

Here's a link to the much more professionally produced Grant Thornton paper : www.google.co.uk/url%3A%2F%2Fwww.grant-thornton.co.uk%2FDocuments%2FBriefing-paper-Mini-one-stop-shop.pdf&ei=TAdeVI-xF7OS7AaxtYHwBw&usg=AFQjCNEojQiN0cohL5AS2kDNsHJvFMCzoQ&bvm=bv.79189006,d.d2s&cad=rja

Its only a short two page document but seems like it says more than the bulk of wasted web space that HMRC and the European Commission have thrown at the subject.



-- Edited by Shamus on Saturday 8th of November 2014 12:22:26 PM

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Shaun

Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.



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Thanks Shaun, and that did indeed answer my question.

 

(Just realised I've been misspelling your name, sorry)



-- Edited by 111 Bookkeeping and Payroll on Saturday 8th of November 2014 12:30:50 PM

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John



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No probs John,

glad to help.

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Shaun

Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.



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And of course it raises the question of people who sell digital media, but who only want to sell in the UK, which is one of my plans, and how we stop sales to other countries and prove all are sales are in the UK.

Plus HMRC have announced that it will be extended to sales of products ASAP, so it will affect loads of small businesses.

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John
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