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EU ecommerce VAT package – Special Arrangement import VAT

The EU 27-member state will reform and simplify B2C cross-border VAT with its ecommerce package on 1 July 2021. This will include a Special Arrangements scheme which enables sellers or deemed supplier...Continued

VAT – the world’s COVID tax

Value Added Tax (VAT), Goods and Services Tax (GST) and U.S. sales tax have emerged since the 2008 financial crisis as the world’s favourite taxes. There are good reasons why they have been implemente...Continued

EU July 2021 ending €22 import VAT exemption; new Import OSS return

From 1 July 2021 and all EU imports will be subject to VAT. Sellers and facilitating marketplaces can collect import VAT on import consignments valued upto €150. Or they may use the new Special Arrang...Continued

Crowdfunding VAT issues

Whilst still a small slice of the sharing economy, crowdfunding is one of the fastest growing areas of this economy and, as a financial services activity, has its own unique VAT issues. Crowdfunding u...Continued

Brexit UK-EU B2B switch to Delivered Duty Paid DDP Incoterms

Since 1 January 2021, the end of the Brexit transition period, B2B businesses are switching their commercial terms (‘Incoterms’) on cross-border trade to avoid losing business. Failing to do so will c...Continued

EU and UK ecommerce commercial invoices and declarations

Following EU ecommerce package (Jul 2021) and UK ecommerce reforms (Jan 2021), sellers and facilitating marketplaces will have to include customs commercial invoices or declarations (CN22 and CN23 for...Continued

EU July 2021 marketplaces VAT deemed supplier rules

From July 2021, the EU will make online marketplaces responsible for the VAT - the deemed supplier - on some of their sellers transactions. They will be responsible for charging and collecting VAT fro...Continued

UK exited EU VAT regime 31 December 2020 - Brexit

The UK exited the EU VAT regime, Customs Union and Single Market from 1 January 2021. This means the loss of a range of compliance simplifications and the imposition of customs declarations, goods reg...Continued

US Colorado joins digital services sales tax rush

Colorado is scheduled to introduce its 2.9% sales tax on provisions of downloads and streaming video, TV, music, gaming, app’s and similar media from 30 January 2021. This would require providers to r...Continued

EU July 2021 ecommerce VAT Package

On 1 July 2021, the 27 member states of the European Union (EU) will introduce sweeping reforms to the VAT obligations for B2C e-commerce sellers and marketplaces. This will include: the OSS single EU...Continued