How AI Can Boost Predictive Maintenance In Manufacturing
How can Artificial Intelligence be used for predictive maintenance in manufacturing? New software technologies are helping business operations.
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.
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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.
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