by Lovat | Sep 9, 2024 | VAT
VAT 6 new VAT laws to ensure compliance in 2021 Lovat VAT 6 new VAT laws to ensure compliance in 2021 Lovat Marketplaces become deemed suppliers when facilitating sales in the EU, UK, Canada, New Zealand, US, Norway. EU: Distance sales thresholds were replaced by an...
by Lovat | Sep 9, 2024 | EU VAT, VAT
EU VAT To invoice or not to invoice that is the question Sonya B. EU VAT To invoice or not to invoice that is the question Sonya B. From 1st of July, new VAT changes came into force in the EU. These Reforms changed the VAT compliance profile for all e-commerce sellers...
by Lovat | Sep 9, 2024 | EU VAT, VAT
EU VAT One-Stop Shop – EU VAT changes for e-sellers Sonya B. EU VAT One-Stop Shop – EU VAT changes for e-sellers Sonya B. General overview Distance sales threshold was replaced by EU-wide 10K threshold for digital services and goods. That means that intra-community...
by Lovat | Sep 6, 2024 | VAT
VAT Retrospective tax registration Lovat VAT Retrospective tax registration Lovat Why you may need retrospective tax registration? Sometimes sales start expanding to new markets. Especially with these remote times, we don’t know where our new customer is located. That...
by Lovat | Aug 30, 2024 | VAT
EU VATUK VAT Deemed supply invoices Sonya B. EU VATUK VAT Deemed supply invoices Sonya B. When online marketplaces act as deemed suppliers of goods a situation arises when it is necessary to issue invoices from a merchant to a marketplace. Let’s examine the invoicing...
by Lovat | Aug 30, 2024 | VAT
UK VAT Import to the UK and postpone import VAT Sonya B. UK VAT Import to the UK and postpone import VAT Sonya B. When you want to import to the UK you don’t need to pay VAT at customs and then refund it. There is a possibility to account for import VAT in your VAT...
