VAT is the most common tax in the UK, EU and many other countries, compliance is a must! As one might assume, the tax authorities take non-VAT compliance very seriously. VAT is one of the most common indirect taxes in the world and is responsible for a large sum of revenue for many countries. Failing…
Sellers aren’t always required to register for VAT in the destination EU country. By May 2022 Amazon plans to have its European Fulfilment Network (EFN) fully reopened between the UK and the EU. This is good news for UK sellers who wish to sell their UK stored products into Germany, France, Italy and Spain without…
You have an obligation to be VAT registered when you exceed the annual turnover threshold set by the local tax authority. It sounds like a simple ‘yes’ or ‘no’ question, ‘does my company need to be VAT registered?’ However, VAT requirements in each country can be slightly different and the VAT authorities don’t accept ignorance…
The EU has removed small consignment relief, meaning items coming from outside the EU are subject to VAT. The EU Import One-Stop Shop (IOSS) scheme has been designed for e-commerce sellers who don’t have a registered office in the European Union (EU). The IOSS programme allows sellers to collect, declare and pay the relevant VAT…
Amazon PAN-EU programme adds the Netherlands and Sweden – What’s your VAT obligations? Are you an Amazon Pan-European FBA subscriber or considering moving to Amazon’s Pan-European programme? There’s good news! Amazon has extended its Pan-European FBA programme to include the Netherlands and Sweden. By adding these two new countries, your customers in the Netherlands and…
The 1st July 2021 VAT changes in the UK and EU significantly impact e-commerce sellers. The EU’s e-commerce package introduced changes to the movement of goods from Northern Ireland to the EU and the rest of the UK to the EU back on 1st July 2021. But many e-commerce sellers are still working to ascertain…
Our quick and easy check list will ensure you select the best VAT service provider for your business. You’re ready to launch your business, e-commerce store or Amazon Sellers account in the UK or the European Union, but aren’t 100% sure if you need to be registered for Value Added Tax, what implications it poses…
Innovative VAT portal provides clients a single workspace for all European VAT registrations. My VAT Direct has launched its new VAT registration portal allowing clients to create and set-up their very own secure VAT workspace for all European countries including the EU’s new One-Stop Shop VAT programme. The portal provides a step-by-step guide as to…
