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HMRC latest VAT MOSS briefs

VAT Information Sheet 1/2016: VAT MOSS exchange rates – December 2015 details the common currency exchange rates for use by VAT mini one-stop shop (MOSS) businesses registered in the UK when making declarations and payments to HMRC in sterling for the period ending December 2015. The VAT mini one-stop shop provides a way for businesses to register and account for VAT on digital supplies made to private consumers in the EU. See

Revenue & Customs Brief 4/2016  confirms that HMRC will allow UK businesses trading below the VAT registration threshold (when using the VAT MOSS system to account for cross-border supplies of digital services to consumers) to ‘exercise their best judgment’ on what information they choose to provide as evidence of where their customer belongs. HMRC has also asked VAT MOSS registrants to consider whether they are actually trading. 

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