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Posts Tagged ‘EU VAT’

Bandcamp are my new best friends.

This is the update they rolled out tonight:

“If you’ve seen the recent news of changes to EU tax law, you may be wondering how this affects you as an artist or label selling on Bandcamp. The good news is that for digital sales, there is no need for you to register for VAT, submit quarterly reports, and so on. We will take care of all of that for you.

If you happened to see our earlier help item about this, we planned to roll out a temporary solution where artists submitted the tax themselves. We’ve decided to accelerate the changes to our system such that the interim step is unnecessary.”

(http://blog.bandcamp.com/2014/12/30/eu-digital-vat-changes-and-bandcamp/)

So. What does this mean?

This goes an incredible distance toward meaning that the small independent musicians can keep trucking. At least for now. The fight is not over yet – with proposals looming to extend the new VAT laws across sales of physical goods from 2016, and with traders on Etsy and other third party platforms still fighting for solutions, we have a long way to go. The ideal would still be for the EU to drop this craziness, or at least reform it drastically. But for now, I and many of my peers in the grassroots music industry can keep selling our music and can keep reaching out to potential new listeners across the globe. This is a fantastic step forward.

Thank you Bandcamp!

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