According to a recent European Commission (EC) publication, statistics show encouraging results with regard to the collection of VAT revenues under the VAT Mini One Stop Shop (MOSS) system.
The EC introduced the MOSS system in 2015. First and foremost, it aimed to aid the collection and transmission of VAT for telecommunications, broadcasting and electronic services supplied to final consumers across the 28 EU Member States. Prior to this, VAT rules changed for the place of supply of such services; this changed from where the supplier was established to where the customer belonged. This is a change which is now being implemented by many other countries throughout the world.
The statistics, covering the period from 2015 to 2018, included the following:
- VAT revenues collected under MOSS grew from EUR 3 billion in 2015 to more than EUR 4.5 billion in 2018
- VAT collected in 2018 increased by more than 20% compared to figures released in 2017
- Traders using MOSS to declare and remit cross-border VAT increased moderately
- The number of registered users as now stabilised for a number of years at around 14,000 taxpayers
- Just three Member States since 2015 collected approximately a third of MOSS revenue
- Five Member States collected 87% of the total
If you are making supplies of telecommunications, broadcasting and electronic services and require more information – please contact one of our VAT experts.