New EU-VAT regulations threaten small businesses January first 2015

As of January first 2015 the Value Added Tax on digitial products and services sold internationally within the EU no longer must be paid in the country where the seller is located but in the country where the buyer is located. And to make matters worse, the VAT rate of that country has to be paid. HOW? I hear you wonder. How indeed. This is and administrative nightmare and puts an unbearable burden on small businesses and webshops. As of today, only 4% of affected businesses can comply with the rules in two weeks. Come January first they can either close their business or break the law. Don’t think this affects you? The EU is planning to implement the same regulations for physical goods in 2016. So if you’re selling physical goods outside your own country, you’re next. The solution to this problem is simple: the EU has to make an exemption for small businesses, for instance based on a revenue threshold. You have a voice! You can sign this petition here (also more detailed info to be found here): https://www.change.org/p/pierre-moscovici-a-unilateral-suspension-of-the-introduction-of-the-new-eu-vat-laws-for-micro-businesses-and-sole-traders You can tweet about it using these twitter handles: #EUVAT #VATMOSS More info here: http://euvataction.org/2014/12/14/twitterstorm-essential-info Don’t underestimate the power of many. Let your voice be heard! photo credit: TPCOM via photopin cc
December 16, 2014
Chris Vermeulen
News, EUVAT, small business owner, smb
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Are you an Entrepreneur or a Small Business Owner?

I’m curious to know; would you describe yourself as an entrepreneur or as a small business owner? When I researched the subject, I found that there are quite a few differences between the two. But instead of elaborating on them here, I would just love to hear what came to mind first. So please take a few seconds to reply below. Thanks! photo credit: abbilder via photopin cc 
June 25, 2014
Chris Vermeulen
General, entrepreneur, small business owner
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