I am for the first time in my life considering supporting the exit of the UK from the EU. This is not because they want me to have to wait longer for a cup of tea, but because a new law goes against the very reason I believe in the EU’s existence.
The EU started as and should simply be a single customs union that exists to break down barriers to free trade. But its recent change of rules on VATinstead creates barriers.
The Welsh Government says how IT businesses like mine are essential to the economy, but now the EU want it so that if I sell digital services to customers in other EU countries I should have to register for VAT in each country!
If I were to sell digital services via my US company then it would be no different to now – I would register it for VAT in the UK and pay all my VAT to the UK Government no matter where in the EU I sell to.
It seems to enjoy the benefits the EU was set up for in terms of a single customs union, digital firms in Wales are faced with the choice of either voting for the UK to leave the EU or voting with their feet and moving their business out of the EU.