@cmuratori The VAT under new rules is computed *in the country where the buyer is based*, not the seller.
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Replying to @rygorous
@cmuratori This can't be computed from the charge by the seller. You need an itemized, categorized list of everything in the transaction.1 reply 0 retweets 0 likes -
Replying to @rygorous
@cmuratori What you say is "just let the seller compute it". But that's precisely the problem - the UK selller *does not know* about, say,2 replies 0 retweets 0 likes -
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Replying to @rygorous
@cmuratori You can't fill out a hypothetical "how much of this is tax" field without knowing about the VAT laws at the destination.1 reply 0 retweets 0 likes -
Replying to @cmuratori
@cmuratori@rygorous So now the wire service needs to take itemized invoices with excruciatinly complex tax coding1 reply 0 retweets 0 likes -
Replying to @erincandescent
@oshepherd@rygorous Better that than every business in the world having to do it?2 replies 0 retweets 0 likes -
Replying to @cmuratori
@cmuratori But every business would still have to do it when producing invoice!1 reply 0 retweets 0 likes -
Replying to @erincandescent
@cmuratori e.g. if I sell Jaffa Cakes, they're cakes for VAT purposes in the UK, but I bet in equally many countries biscuits.2 replies 0 retweets 0 likes
@oshepherd But that is a separate problem, right. That's the "EU needs to have standard VAT coding".
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