Europe and the UK are gradually tightening their EPR compliance, registration, and reporting requirements. In 2022, we observed Germany and France leading the way in harmonizing national legislation with the basic principles of the Waste Framework Directive. This is the Extended producer responsibility(EPR) conception which is based on the ‘polluter pays’ principle. The Digital marketplaces …
This article is for those who are new to sales tax, here we will explain in simple words how it works. You started your online shop and going to sell online to USA buyers. If you have a warehouse you need to register for a sales tax permit in a state where you have a …
On February 12, 2022, the decree of January 31, 2022, was published approving an eco-organization of the sector with extended responsibility for the producer of sporting and leisure articles. This new sector is part of the EPR (Extended Producer Responsibility), just like the Waste Electrical and Electronic Equipment (WEEE) household and professional sectors, and commits …
Who is considered by law to be a producer and/or marketer of toys? Are considered as producer and/or marketer of toys, “all natural or legal persons who, in a professional capacity, either manufacture in France, or import, or assemble or introduce toys for the first time on the national market […] intended to be transferred …
The second-hand margin scheme is one of the VAT’s accounting schemes made available to help businesses in the UK, EU, and other countries. Find out the rules of the VAT’s margin scheme, which businesses are eligible to join it along with the benefits of doing so. What are margin scheme goods? The VAT on second-hand …
As waste directives came into force in Europe countries implemented local legislation for regulating waste turnover. This mainly concerns large manufacturers and importers, but in some countries, the registration threshold is low or equal to zero. Distributors of electrical and electronic equipment have other waste obligations. Table of the lower threshold for registration under the …
Marketplaces are gaining more and more popularity and influence on the world economy every day. That’s why government agencies are creating new tools to regulate their work, transparency of activities, and proper payment of taxes. One such tool is the DAC7 directive, which extends EU transparent taxation to digital platforms. The law comes into force …
The procedure for collecting excise duty in the European Union has its own characteristics and rules. To successfully conduct business in the EU countries, you need to thoroughly know the fiscal policy of Europe, as well as all the intricacies of excise taxation. From this guide, you will learn what excisable goods are, which groups …
This article is about NFTs, which are the most common today – when an NFT is a digital code that grants the owner access to a digital good. In this article, I tried to give a general overview based on the opinion of countries that have already formulated their position in writing regarding the taxation …
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 return. This scheme is available not only for UK-based businesses but also for non-UK businesses with UK VAT numbers. For parcels with …
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 rules for deemed supply in the EU and the UK. Deemed supply meaning is described as a sale where tax responsibilities are transferred to a …
The new type of reporting was introduced for online sellers who sell their products B2C. Packaging report – is the report about volumes of the package used in a country during a calendar year. This type of reporting exists in several countries such as Germany, France, Poland, the UK, Greece, Lithuania, and Slovakia. Germany …
The issue of VAT refund may come up when non-EU companies import goods to the EU and sell them via Marketplace. It arises because of two things: first, the marketplace collects and remits all VAT collected from buyers; and second, the company as an importer pays VAT at customs. The process of returning VAT can …
Canada implemented marketplace legislation on the Federal level and on the provincial level. Canada consists of several provinces and each has GST/HST tax rates which differ from 5% to 15%. E-commerce operators should use the destination principle as a way to determine the tax rate for a sale. If you just started to operate in …
The United States is one of those countries that have rules under which marketplaces are responsible for paying taxes on goods and services sold on this marketplace. It must be remembered that sales tax is set at the level of each state and this accordingly leads to the fact that the rules in each state …
The first thing you need to realize is that in terms of consumption taxes, the US states differ significantly from state to state. Even in one state sales tax rates differ from district to district. You always can use our calculator to check the tax rate for specific zip or IP address. You don’t need …
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 means that we need to track: – where our customers are located; – revenue thresholds for each country; – where our goods are stored (especially when …
General overview Distance sales threshold was replaced by EU-wide 10K threshold for digital services and goods. That means that intra-community sales are subject to VAT in the EU country of destination. This EU-wide threshold was made for micro-businesses. When they sell less than 10K euro over Europe they may charge VAT rate applicable at their …
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 who sell cross-border and for marketplaces as well. We would like to see these changes from the invoicing perspective. What has changed? Intra-community B2C sales The one-stop-shop scheme is …
Marketplaces become deemed suppliers when facilitating sales in the EU, UK, Canada, New Zealand, US, Norway. EU: distance sales thresholds were replaced by EU-wide 10K threshold for digital services and goods. That means that intra-community sales are subject to VAT in the EU country of destination. To simplify the reporting obligations due to this …
A reverse charge for sellers 1 Supply between EU member states (EU-EU) Reverse charge is a special scheme when a buyer calculates VAT and pays it. It occurs in situations of cross-border sales when your buyer is a VAT registered business. Let me give you an example: French businesses sell software to businesses registered …
That seems that 2021 is to be remembered by online marketplaces. More and more countries introduce new tax rules for OMPs. And Canada is also not far behind. From 1 st of July 2021, all OMPs selling goods to private individuals in Canada must check do they have obligation to register, report and pay GST …
When a company receives an IOSS number it is only the first step to avoid a delay at the EU border. It is not enough to fill internationally accepted CN22 declaration for seamless import. We already saw several cases of double taxation at the border. European H7 declaration is needed at EU borders to confirm …
There are three new types of registration in the EU: Union OSS Non-union OSS IOSS The schemes are optional. You are not obliged to be registered, it’s up to your choice. Union OSS – union one-stop-shop For EU businesses and EU-established marketplaces: a) For declaration of B2C distant sales of goods You cannot declare B2B …
There are 4 regions connected with the UK but VAT rules differ in all of them. Northern Ireland is a part of the UK but for VAT purposes, this region has a separate agreement with the EU. According to this agreement sales between the EU and Northern Ireland are treated as intra- community sales. …
Four main changes will come into force in July 2021: The first one concerns the new OSS system – where a merchant can do VAT reporting obligations to all EU countries via One Stop Shop and use one VAT number to be able to sell in all EU countries. The second big shift is …
From 1st January, tax rules for Amazon sellers who are not established in the UK change. Online marketplaces 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 go through 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 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 store …
There are two main stages of the 2021 Online Marketplace (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 purposes, marketplaces …
As the transition period for Brexit ended on 31st December 2020. Here are some tips for you to take into account: For companies located in the UK For companies who use warehouses in the EU, for example, Amazon FBA or another warehouse: Get an EU EORI number, because your UK EORI will no longer …