From the start of 2021, HMRC introduced a number of changes to the rules of VAT for ecommerce and how businesses need to account for it. Some of these changes are a direct result of Brexit and any business making sales or deliveries of goods to consumers in the EU are...
In this short video, we talk you through why we think every e-commerce business should have a specialist e-commerce accountant. Video Transcript Hi guys, I’m Oliver from Elver E-commerce Accountants. And today I’m going to be telling you why every...
Following on from the above changes, eBay will collect and remit VAT on consignments up to a value of £135 imported into the UK and sold to consumers. In cases where the seller is a non-UK business and the goods are already in the UK, eBay will collect and remit VAT...
The current distance selling rules, which require VAT registrations in each EU country where thresholds are reached, will, for the most part, disappear on 1 January 2021 and VAT will be due in the member state of destination, otherwise known as the ‘destination...
Low-Value Consignment Relief (LVCR) relieves import VAT on commercial imports of goods valued at £15 or less or €22 within the rest of the EU. Customs duty is relieved on commercial imports of goods valued at £135 or less (except those that contain excise goods –...
