A cash prize and route to market is up for grabs for any developer who can come up with a simple solution to help small businesses comply with EU VAT Rules introduced in January 2015. Register for the VAT MOSS Hackathon on 13 May and join the effort to help small businesses stay solvent and trading with the EU.
Last week Enterprise Nation released a report looking at the impact of EU VAT rules and called for a Hackathon to find a simple solution to enable small businesses to collect required data and report this to HM Revenue and Customs via the VAT MOSS (Mini One Stop Shop) system.
Today we announce the VAT MOSS Hackathon will take place on Wednesday 13 May, from 5 to 10pm, at KPMG offices in Canary Wharf.
A £1,000 cash prize from KPMG is on offer to the developer who can come up with a solution – as well as support to get the product to market.
The Hackathon is being backed by Coadec and Talent Cupboard who see the power of leveraging technology to find solutions for small businesses that want to continue trading in the EU, but don’t want the cost and admin burden that comes with introduction of the EU VAT rules.
Guy Levin of Coadec said:
'Europe needs an effective Digital Single Market to help startups and small businesses scale across the continent, but recent VAT changes were a big step in the wrong direction. We're hoping that political leaders will respond, but until then it's vital that technical solutions are found to help thousands of small businesses to continue trading in the EU and growing their digital business across borders. That's why we're supporting the Hack in the hope that new ideas will be found.’
It’s free to register for the Hackathon. Refreshments available. Bring your own device and imagination!