News
Working From Home While Abroad
It is becoming increasingly common, especially amongst online businesses, for the workforce to be spread globally and for employees to work from home. Employers need to be aware of their responsibilities both in the UK and the country where the employee is based....
Businesses Repay £1.3bn of Furlough
Businesses have paid back £1.3bn worth of furlough cash with £300m returned in the last three months alone, official statistics reveal. Businesses that have overclaimed or decided they no longer need payments received through the coronavirus job retention scheme...
Making Tax Digital Update
Despite persistently denying there was any possibility of a delay to the Making Tax Digital (“MTD”) timetable, it has been confirmed that the introduction of MTD for income tax has been postponed another year to 2024. "The government recognises the challenges faced by...
VAT Changes for Amazon 2021 – Everything That You Need to Know
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...
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...
Why your e-commerce business needs an e-commerce accountant
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 e-commerce...
eBay VAT Changes
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...
Distance Selling Rules Changes
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 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 –...
Amazon Passes On Digital Services Tax
Amazon fees increased by 2% from 1 September. The tax was introduced from 1 April but Amazon have held off passing it on until now. The Digital Services Tax is levied on the revenues of search engines, social media services and online marketplaces which derive value...
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 for the UK's VAT...
Amazon Seller Brexit Implications
When the UK Transition agreement expires on the 1st of January 2021, there will be a number of changes to the way Amazon operates across the new UK-EU customs border: Pan-European FBA inventory transfers will stop between the UK and the EU. However, Pan-European FBA...