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...

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