Ruta Svo

Hello, I have a question regarding the VAT treatment of NFT sales. If a company based in the EU sells NFTs to both B2B and B2C customers in the UK, are these sales subject to VAT? Are there any exemptions applicable in this context? Additionally, is VAT registration required for such sales? As I understand, the UK classifies the sale of NFTs as a taxable supply of digital services. Thank you for your insights!

Thank you for the clarification. And would it change the situation if the video filmed in UK, would be displayed only in UK territory (video ads)

Dear all, our company is EU-based (VAT registered in the country of establishment). The supplier based in UK (UK VAT registered) has issued invoice for video making (fillming promotional video) with UK VAT. Please advise if this is correct approach from UK VAT perspective. Shouldn't it be that place of supply of this type of service is where the customer is (Europe). Thank you.