What’s New in Business Central 2025 Release Wave 2
The Autumn brings the second major release of the year for Business Central, as part of the 2 wave annual update cycle. Here we look at the highlight features.
Media VAT
Electronic Media VAT
Jesse Lawrence
Changes in VAT on Sales of Electrical Goods
This blog explains the change on VAT rules and how to treat it using Microsoft Dynamics NAV® 2013 and all earlier versions of Dynamics NAV.
The way VAT is accounted for on sales of electronic goods (defined as any digital item which is not held in a tangible format) is changing. With effect from 1st January 2015, any sales of these goods within the EU to a non VAT-registered person will be treated as though it was supplied in the country of the recipient rather than the supplier. This means that a supplier may have to account for VAT in each member state separately though there will be arrangements for submitting a combined return. Further details can be found here.
To avoid potentially having to register for VAT in every member state of the EU, the EU intend to offer a single portal (known as the Mini One-Stop-Shop or MOSS) to allow suppliers to file returns and pay the VAT due. More information on this can be found here.
Microsoft Dynamics NAV 2013 or older is well equipped to handle these changes. Detailed guidance on how to do this can be found here.
If you liked this blog article, check out other blog articles from Martin!
Click the links below and don't forget to leave a comment
Changes in Accounting for VAT on Payment Terms
Analysis Views in Microsoft Dynamics NAV 2013
Style Sheets in Microsoft Dynamics NAV 2013
Inventory Costing in Microsoft Dynamics NAV 2013
This article is purely for information purposes, and to support Microsoft Dynamics NAV users with the new rules that are now in place by changing their systems accordingly. Neither Dynamics Consultants Ltd nor any of its employees are authorised to give advice on Tax. If you have an accountant or tax adviser then we suggest you speak to them for more information.
The Future of Artificial Intelligence (AI) Regulation in the UK
After a recent visit to the Digital Manufacturing 2day event in Coventry and an insightful presentation by Lord Chris Holmes, I thought I would delve a bit deeper into the current AI regulation facing UK industry.
D365 Business Central vs Sage 200: Comparing Sage 50 Upgrade Options
Choosing the right ERP system when moving on from Sage 50 can shape how efficiently your business grows and adapts. If you want advanced features, greater flexibility and easier integration with familiar Microsoft tools, Microsoft Dynamics 365 Business Central is often the stronger option compared to Sage 200. As real-time data insight, automation and scalability are now necessities and not luxuries, your ERP upgrade decision is more important than ever.