In this second post of a two-part series, we look at how coming EU VAT changes will affect e-commerce businesses based outside the European Union. We also look at the role of online marketplaces under the changes.
If your business sells or plans to sell goods online to EU-based customers, there are important VAT changes coming. In this first post of a two-part series, we explain what these changes mean for businesses that have an EU presence.
The EU is undertaking one of the most substantial reforms of its VAT system since the single market was created in 1993. Here’s a summary of what multinationals should know about the changes.
The UK’s Autumn Budget leaves in place the UK’s low 19 percent corporate tax while vowing to tighten tax rules and crack down on online sales. This post addresses the main points of interest for corporations.
Tax authorities around the world continue to change VAT rules to capture revenues from the e-commerce sector. The new rules are designed to level the playing field between international and domestic operators while (authorities hope) unlocking a gold mine of tax revenue.
The Brexit referendum will likely have significant implications for the UK's value-added tax system. Here are some important considerations to help you make informed VAT-related decisions as Brexit negotiations unfold.
The ad hoc development of e-commerce policies for value-added taxes (“VAT”) has resulted in a hodgepodge of inconsistent tax regulations that vary widely by country. Recognizing the growing importance of e-commerce, the confusion resulting from current systems, and the magnitude of frequently forgone VAT revenue, many countries as well as the Organization for Economic Cooperation and Development (“OECD”) have set out to clarify, systematize and coordinate VAT regulations. These changes, many of which have been or are being implemented in 2015, have significant implications for businesses with e-commerce operations. Understanding and complying with these VAT laws is important to success in international e-commerce.