The mini One Stop Shop (MOSS) comes into force on 1 January 2015. It will enable companies supplying the above services to submit a single VAT declaration and payment in their member state of identification in respect of all their intra-EU transactions. Businesses will be required to submit quarterly MOSS VAT returns together with the amount of VAT, which would then be transmitted by the member state of identification to the corresponding member states of consumption.
The MOSS is an optional scheme which seeks to simplify the VAT obligations for companies to adhere to the new place of supply rules by rendering it unnecessary for business to register for VAT in each of their customers’ countries.
Registration for MOSS with the Malta VAT Authorities is now open and businesses can register as of today.
