VAT news tagged as "Liability"

Europe

EU considers imposing VAT on crowdfunding

May 2nd, 2015

The European Commission (EC) has launched an investigation into whether crowdfunding should be liable to EU VAT. If it concludes that the public investment-raising activity is subject to tax, then many UK projects will face a 20% VAT liability on investor returns. The UK crowdfunding market was reportedly worth £1.7bn in 2014. Rewards crowdfunding – …