The new border-crossing VAT tax will heavily impact businesses and consumers.
The new initiative promoted by the UK government can deliver a serious blow to local businesses. It’s no wonder that the plans caused heated discussions in Parliament recently.
Offered as a part of a broader Brexit-focused policy, the bill…
Do I need an EORI number in the UK?
An EORI number enables you to trade goods with countries that are based outside of the European Union. EORI stands for Economic Operator Registration and Identification. From the start of 2021, you will need to get an EORI number that begins…
VAT Considerations for Amazon Sellers
Value Added Tax (VAT) is a tax that businesses have to pay in most countries of the world. E-commerce opportunities allow merchandises and services to cross physical borders more freely year into year, and entrepreneurs have to be aware of international-level…
UK VAT registration for Amazon sellers
Introduction
The
last thing an e-commerce store owner would want to see is an e-mail instructing
him or her to open a VAT file with the HMRC for future Value Added Tax (VAT)
collection purposes. However, this is exactly the kind of e-mail…
An analysis of VAT in the UK
An introduction to VAT in the UK
Whether
you are a small business owner, or an established company operating in the
United Kingdom, chances are that you have already opened a file with the HMRC
to receive and pay Value Added Tax (VAT), or…
Import – Export VAT Explained
In case you are running a business involved in imports or exports of products or simply makes sales to countries outside the UK, you should learn a few things about VAT on imports and exports. Learning more about these rules will guarantee that…
Online sellers are now forced to pay full tax for their activities thanks to the new laws
The HMRC got new powers starting from this week. Now they can penalize online marketplaces in case these platforms are used for tax frauds committed by sellers that are using these platforms. According to the new laws which were revealed by…
The VAT clampdown started by HMRC focused on subcontracting
According to some sources, HMRC has gathered a team of about two dozen experienced investigators to determine why primes have been avoiding the 20% charge to their top sellers as expected. The same sources claim that the tax office will be focused…