Value Added Tax and the Digital Economy: The 2015 EU Rules and Broader Issues9789041167453

A fast-growing portion of overall taxable consumption is now realized via online supplies and this ‘digital economy’ is a virtual reality in which suppliers and consumers conclude numerous transactions unrestrained by time and place. This book, with contributions by internationally re-owned academics, revenue officials, and tax advisors, provides a broad and up-to-date overview of the EU 2015 rules, and an analysis of such elements as the gradual realization of the destination principle, the fight against e-commerce fraud, and simplification of compliance obligations by means of the Mini One Stop Shop (MOSS).

Topics covered include the VAT dimension of:

• the digital ‘fixed establishment’;
• businesses as tax collectors;
• auditing under MOSS;
• Internet search engines;
• virtual currencies (such as bitcoins);
• cloud computing; and
• technology-based solutions for the assessment and collection of VAT on online supplies.

Relevant EU legislation is annexed. Because of its clear and practical analysis to these issues, this book will appeal to tax authorities and counsel who need to ensure proper taxation of online supplies at destination with the least possible administrative costs and the lowest possible compliance burdens. Because of its forward looking approach it is a ‘must’ for all public and private sector professionals concerned with VAT.