New EU VAT regulations are putting companies out of businesses

More than 200 companies have told the EU VAT Action website that they've been forced to close because of new regulations that require anyone selling digital products such as music or eBooks to register for VAT.

The new EU regulations that were supposed to stop big companies like Amazon and Google exploiting existing EU regulations that allow them to pass on cost savings from low VAT regimes in other EU countries to consumers has only mildly inconvenienced the likes of Amazon whilst putting a number of micro businesses out of business.

It looks like the Napoleons have finally found a way of defeating this nation of shopkeepers.