VAT Compliance

Comprehensive VAT Returns Management

At A2CO, we guide individuals and businesses through the intricacies of VAT registration. Under Article 10, any person carrying out an economic activity is deemed a taxable person and is required to register for VAT purposes. For those whose turnover does not exceed certain thresholds, there's an option to register as a small undertaking under Article 11. This status exempts them from charging VAT on sales and prohibits them from recovering input VAT.

An economic activity, in the context of VAT, includes:

Engaging in any trade, business, profession, or vocation, and providing personal
services.

• Exploiting tangible or intangible property to continually generate income.

• Offering facilities or advantages by a club, association, or organisation to its members for a subscription or fee.

• Charging for admission to any premises.

It is important to note that activities carried out by a public authority are generally not considered an economic activity for VAT purposes, except as outlined in the First Schedule of the VAT Act or where avoiding such classification would cause significant competition distortions.

Businesses are typically required to submit VAT returns quarterly. These returns are essential for reporting activities within the scope of VAT. Our professional team at A2CO is adept at ensuring that your compliance reporting is both accurate and complete, helping you navigate the complexities of VAT obligations.

MOSS Returns for Digital Service Providers

Since its inception on 1 January 2015, the Mini One Stop Shop (MOSS) has been a pivotal VAT simplification tool for businesses supplying telecommunication, broadcasting, and electronic services. Particularly aimed at services provided to non-taxable persons in EU Member States where the supplier does not have an establishment, MOSS allows for VAT accounting via a web portal in the supplier’s identified Member State. This system mandates the submission of MOSS returns quarterly, within twenty days following the end of each quarter.

MOSS is an optional scheme introduced following changes in VAT place of supply rules. It determines that VAT is due in the Member State of the customer, not the supplier, thereby simplifying VAT registration across multiple Member States. This scheme mirrors the pre2015 system for electronically supplied services to non taxable persons by non-EU established suppliers.

The MOSS system is divided into two distinct sections: one caters to suppliers established within the EU, and the other for those outside the EU.

At A2CO, our team of VAT experts ensures your business receives comprehensive guidance on MOSS. We help you accurately assess and comply with the MOSS regulations, avoiding unforeseen VAT liabilities and ensuring smooth international operations.