New digital Vat scheme nets Revenue €120m

New digital Vat scheme nets Revenue €120m
The Revenue Commissioner released their annual report

Revenue Commissioners said that 360 businesses signed up for the one stop shop

The taxman gained almost €120 million last year from a shake-up of European Vat laws on services including music downloads, ebooks and TV subscriptions.

According to the Revenue Commissioner’s annual report, published last week, the state collected €118 million from the so-called Vat Mini One Stop Shop, or MOSS scheme, that was launched at the beginning of 2015.

It means that purchasers of digital services pay Vat in the country in which they are supplied, in a...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription


For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription


For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription


For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post