EU VAT Compliance, designed for the new MOSS VAT regime
Our new EU VAT Compliance for WooCommerce was conceived to help WooCommerce shop owners to help achieving compliance with the new European VAT regulations. The new regime, which is going to become effective on the 1st of January 2015, states that digital goods sold to consumers in the European Union are liable to EU VAT. The VAT rate to apply to each sale is the one charged in the country of consumption, i.e. where the customer resides. These new rules apply to worldwide sellers who are delivering digital products or services to consumers in the European Union. For more information: EU: 2015 Place of Supply Changes – Mini One-Stop-Shop.
How our product can help you
The EU VAT Compliance plugin can collect information about the VAT applied to each order, and it allows you to use this information to prepare the required VAT returns. Here is a summary of the most important features provided by our product.
Calculation of VAT totals for each order
The EU VAT Compliance plugin automatically calculates VAT totals when an order is generated. The totals are grouped by VAT rates, to cover the case in which a single order contains products taxed at different rates.
Collection of VAT evidence
One of the most controversial aspects of the new VAT regime is that it requires the merchant to prove that the correct VAT rate was applied for each order. To do so, the merchant must collect evidence to support the choice of VAT, which must be stored together with the invoice, and stored for up to 10 years. Our plugin automatically collects all the available evidence from an order and stores it within the order itself, making it easy to retrieve them on demand.
Collects and validates EU VAT numbers
The EU VAT Compliance plugin allows to display a new field at checkout, where Business customers can enter their own European VAT number. Our plugin validates EU VAT numbers, applying VAT exemption when appropriate, and stores it with the order. Validation of European VAT numbers is performed via the official VIES service, provided by the European Commission. This feature is equivalent to the one provided by the EU VAT Number plugin, which would no longer be required.
Supports a dedicated VAT currency
You may be running your shop in US Dollars, but your Revenue Office expects reports in Euro. Our plugin can help with this too! When it collects the VAT data, the EU VAT Compliance plugin automatically converts the amounts in the currency you specify as “VAT Currency”. This information can then be used to produce the VAT returns.
Fully compatible with all our other products
Please go to the product page to learn more details about the EU VAT Compliance plugin. You will find a list of requirements, existing features and planned features. If you would like to try the plugin, simply download it and install it on your site. It’s completely free!
The Aelia Team