Not quite, the only one who wins is me, my nett retail prices don't increase but my raw material prices decrease for there is no opportunity for my suppliers (being national retailers) to charge me more than an ordinary member of the public, their prices already include VAT but you are not currently shown this element - thats a 20% discount that I shall get in future.

Because my work is unique then I will simply add the output VAT at the country of delivery's rate, that VAT is handled by the MOSS system, and the UK does not see that money, I claim my input VAT from the UK government so on that single transaction they owe me a credit.

Its true that in order to do this I will have to register and declare UK sales too so in the grand scheme of things they won't be sending me a cheque but at the end of a quarter I will be reclaiming a lot more VAT then I would normally have done which will adjust my liability downwards.

End result is that the consumer pays a lot more than they should for the lack of continuing the status quo as it stands now, potentially this will apply to every EU transaction on eBay too.


And here's me thinking I'd rid myself of all this VAT cr@p when I sold the previous business.

You only gain because you chose not to have a voluntary registration previously. You could have always reclaimed you input VAT.

Meanwhile back to the Greek tragedy.

So after all the hubris from the new left wing Greek government it looks like the leadership will after all accept the reality of their self inflicted situation. Varoufakis after strutting around the EU telling everybody what he would not accept has now been humiliated. The terms he agreed last Friday included acceptance that the bailout package continues to be set and monitored by the Troika who will freeze the money if they are not satisfied with Greek commitment to economic reform - something that Syriza vowed it would never accept. As the German finance minister said "they certainly will have a difficult time explaining the deal to their voters"

Not quite the way it went but it does seem strange that you celebrate plutocracy over democracy

I am not celebrating plutocracy over democracy at all.

Because Syriza won their election with "looney election promises" does not make this particular bit of democracy more important than all the other Euro zone democratic states who insist on Greece sticking to the unanimously agreed terms of the huge bailouts which rescued Greece from disaster. Why should the taxpayers of all these countries write off the debt of the non taxpayers of Greece?

The Irish government has fulfilled the demands of the bailout lenders with admirable effect and now have returned to economic growth and they insist that Greece should be shown no special treatment. The former communist PM of Slovakia said last week "This is a red line for us. It would be impossible to explain to the public that poor Slovakia... should compensate Greece" Germany and the other countries do not represent a conspiracy of greedy lenders but in fact the taxpayers of the Eurozone which democratically is vastly more significant than the 36% of Greeks who bought the "looney election promises" of Syriza.

I see one of the economic comedians has returned.

Still waiting for answers to legitimate questions, but hey, the humour can ease the wait.

Give him time, he's got to log back in to the right account first.

Nothing wrong with keeping the rugby hat separate from the political one.

So no comments on the U turn of the lefty leadership in Greece then?

So, can we roll back to CONCLUSIVE EVIDENCE that the Greek people (or the 95% outside of the top earnings bracket) have borrowed significantly more than the average European (or the 95% outside of the top earnings bracket)?

Oh, and throw in CONCLUSIVE EVIDENCE that the Greek people (or the 95% outside of the top earnings bracket) are more corrupt than the average European (or the 95% outside of the top earnings bracket).

Just so we can be sure, ya know.

Anyone?