It even sounds like a Silver Age villain or something.
"I am Vatmoss, tremble in fear as I take away your pr0n and captioned pictures of cats!"
So yeh, I just heard about this two days ago, turns out the EU/UK government are releasing this new VAT legislation on January the 1st 2015 and it's pretty much going to wipe out independent online digital stores, especially those that sell digital content. You can find out more about the story here,
To explain it very basically, this new law means that if you sell digital content through your own site to anybody in an EU country, you now have to register for and pay VAT in that country, possibly in each of the 28 different EU countries, and pay attention to the 75 different VAT rates they have. And the VAT Threshold (which in the UK comes in at £81,000/year) doesn't apply to digital content anymore.
This means that if I make a digital comic, export it as a PDF and sell it on my website as a download, and it is bought by someone in say, Germany, then I now have to be registered for VAT in Germany, add the German VAT rate to that download, and to comply with VAT I'd need to keep the personal information of whoever bought it for up to ten years, so that their nationality could be proved if ever I was audited (which sounds very creepy and kinda Orwellian to me).
Apparently you can still sell your content through 3rd party sites, like Amazon or Lulu.com, but then that means that they must approve your content, and also they get a cut from the profits, also once they know that it's much harder for you to set up your own store on your website, I reckon it's likely they'll start increasing their rates. Also there are rumours that they intend to expand this to all physical goods bought online by 2016, meaning you can't even sell printed books of your webcomic for example, without it being liable for VAT.
And the weirdest thing is that no-one is talking about it, though it could possibly be because tax law is so unbelievably boring even I had to invent a pornography stealing silver age villain just to keep my interest up whilst writing this post.