Tax implications

While this resource cannot dispense and does not constitute formal accountancy or legal advice with respect to taxation, there are several considerations to bear in mind:

It is our belief, therefore, that Opening the Future should be treated as a zero-rated supply activity in regions that charge VAT. Supply of digital goods takes place in the country of the consumer. Hence, if you meet the VAT threshold in the country of supply, you may need to register and account for VAT, although you can charge a zero-rate. 

You should verify the above with whatever experts are relevant to you, and in particular if you are operating outside of the UK, you should check what local laws apply to you. 


Revision #4
Created 15 January 2025 15:10:31 by Kira Hopkins
Updated 6 February 2025 14:45:38 by Tom Grady