Quote:
Originally Posted by Tasty1
You don't pay the VAT, the consumer does. You only collect it from them to sent it to the government.
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Correct.
Quote:
Originally Posted by Tasty1
The VAT you pay for your business, (camera's, hosting, laptop) you get back.
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Correct, when you acquire from a supplier who is located in your own EU country VAT is collected at the time of purchase, you can claim it back. If you acquire from abroad you have to self account for VAT because the supplier will not collect it.
Quote:
Originally Posted by Klen
If i would be lawmaker, i would make VAT automatically charged on each transaction (kind a like a cross sale on paysites) and that way seller would not need to collect it. Plus it would eliminate need for threshold
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It has to go down that road eventually
Maybe an API at the EU level that payment processors have to use. This way EU admins could change rules easily in a centralized way.