Vat Margin Scheme and moss vat questions-

[rubaba]

Hi Guys,

Mail chimp invoice every month, but they charge moss vat. Can this vat be reclaimed like how standard vat is reclaimed?

Also, Do you have to be vat registered to buy or sell on the vat margin scheme?

Thanks in advance.

 

[Scalloway]

Mail chimp invoice every month, but they charge moss vat. Can this vat be reclaimed like how standard vat is reclaimed?

I would say it is just another invoice and you can reclaim the VAT. VAT MOSS applies to the seller, not the buyer.

Also, Do you have to be vat registered to buy or sell on the vat margin scheme?

Yes you need to be registered, otherwise VAT is irrelevant.

 

[TheCyclingProgrammer]

If you’re using Mailchimp for business and can provide them with evidence that you are a business (the most common requirement is that you provide them with your VAT number) then they should not be charging you VAT under VATMOSS rules. They should not be charging VAT at all, but instead you would account for VAT a under the reverse charge process.

 

[areslane]

For the UK it's not that hard to do yourself, to be honest, if you can read carefully and are proficient with spreadsheets. I only do UK but I guess the difficulty with other EU countries would be the language barrier.