The Government issued proposals for an online sales tax earlier this year. Here we take a look at the arguments for and against and what challenges the introduction of such a tax might pose. Why Is An Online Sales Tax Needed? The coronavirus pandemic and consequent...
In this article, we explore the potential benefits to businesses of registering for VAT in the UK. There are many different factors to consider when registering your business for VAT. Depending on your individual circumstances, it may be that you will overall see a...
The changes outlined below are relevant to businesses that are selling on Amazon to customers in the UK where the goods are stored outside the UK or where the goods are stored within the UK but the seller is based outside the UK. On the first of January 2021, several...
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 (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 –...
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...
