Ecommerce VAT Changes 2021

Ecommerce VAT Changes 2021

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...
Low Value Consignment Relief Withdrawal

Low Value Consignment Relief Withdrawal

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 –...
VAT On Digital Services And Brexit

VAT On Digital Services And Brexit

UK sellers that currently sell digital services across the EU use the UK’s VAT Mini One Stop Shop (‘MOSS’) to declare and pay the VAT due in EU member states. As the UK leaves the EU this system will no longer be available. The final return period...
Making Tax Digital (“MTD”)

Making Tax Digital (“MTD”)

Making Tax Digital, which currently only impacts VAT registered businesses above the VAT registration threshold (effectively excluding voluntary registrations) will apply to all UK VAT registered businesses from April 2022 and most business income tax records from...