Get smarter about VAT compliance

From 1 of January tax rules for Amazon sellers who are not established in the UK change. Online Marketplace will collect and remit VAT on your UK sales.   Do I need to be VAT registered? Probably yes. If you import goods to the UK and do customs clearance, you need a VAT number to …

As you already know, big changes await e-commerce businesses that plan to work in the UK. The first thing is the Customs. To be able to do a custom clearance at the UK border, you will require the following:   VAT number You will need a VAT number in the UK if you plan to …

There are two main stages of 2021 Online Marketplaces (OMP) changes: The first one –  1 st of January 2021 – is the end of the transition period and UK changes The second one – 1 of July 2021 is new EU rules for OMP Let’s explain the main concept. For tax purpose Marketplaces become …

As the transition period for Brexit ends 31st December 2020, all e-commerce traders will need to consider actions before they move goods. Here some tips for you to take into account: For companies located in the UK   For companies who use warehouse in the EU, for example, Amazon FBA or another warehouse: Get EU …

Since 2015 countries have applied to new rules for e-commerce and transborder trade, those who trade online are obligated to pay VAT in the country of the buyer. You might want to know if and how the new rules apply to you. Who is affected If any of the statements below are relevant to you. …

There are few things to consider before you expand the market overseas. Here are some tips for preparation and internal evaluation before the expansion: Market research First, know your existing competitors in the new market. A detailed competitive analysis could be conducted by various online tools. For example, all-in-one marketing tools like Serpstat and Semrush …

62 countries around the world use the VAT destination principle for e-commerce companies. Such companies must pay VAT\GST\IVA in every country their customers are in. It is not only 62 different tax laws, but also VAT payment in local currency, language issue, so the complexity is high and therefore e-merchants face many odds. We want …

The difference in VAT rates between nations is one of the most significant things you should consider when you expand your business overseas. When you provide your goods or services to the domestic market, the VAT rate is fixed. On the other hand, when you provide your goods or services to buyers from other countries, …

Changes to the European Union (EU) VAT rules were introduced in 2019. There is a threshold of 10,000 Euro registration for supplies of digital services. Based on the new rule, companies have to pay the tax to the consumer’s home nation if its annual sales in the EU and the former year reach 10,000 Euro. …

If you’re an e-commerce seller and you’re confused about your VAT obligations in Europe, don’t worry. Here’s what you need to know about how VAT works in Europe, and how you can stay compliant with European VAT rules. VAT in Europe – the basics The European VAT rules apply to the 27 EU Member States. …