Canada is to tax cross-border digital services, effective from July 2021. Consequently, non-resident businesses providing digital services to customers in Canada will have to start charging sales tax. Many digital vendors will now have to register for GST/HST in Canada. Up to now, only digital services businesses with local operations have had to charge customers […]
For many companies, finding ways to increase import VAT savings can feel overwhelming and difficult to implement. You wouldn’t be incorrect in thinking. It is complex to unlock Import VAT savings while ensuring 100% VAT compliance. In short, optimising operations is about more than meeting minimal VAT compliance obligations. Ultimately, it’s about leveraging VAT regulations […]
Germany has changed the due date of import VAT, a move that will provide welcome cash flow relief to importers. Previously, taxable persons had to pay import VAT within ten days of the import. The Second Corona Tax Aid Act allows for the due date for VAT import payment to be moved to the 26th […]
Moldova has amended the VAT regulations for non-resident digital services businesses that provide electronic services to customers in Moldova. The change to the Moldovan Tax Code, introduced in April 2020, requires all non-resident businesses that provide specified digital service to register for VAT. Note that there is no threshold for registration. If your business engages […]
UK businesses are exempt from VAT in many types of B2C transactions with customers outside of the UK. VAT exemptions apply to several services provided to non-UK customers, including advertising, financial services and consulting. However, the VAT exemption did not apply to B2C services provided to customers in EU countries, in line with European regulations. […]
Black Friday and Cyber Monday sales are boom times for e-commerce retailers. If you sell goods to customers online, Black Friday means three things: sales, sales, sales. But sales means VAT, and VAT means compliance. A Black Friday sales spike is great for business, but it could have serious and complex implications in terms of […]
There have been some interesting developments regarding Brexit’s VAT implications of late. One of those is the UK and EU’s different views on how Northern Ireland should be treated for VAT. This week, HMRC published its policy and guidance on how businesses should account for VAT on goods traded between Northern Ireland and Great Britain. […]
It’s important for businesses outside of the UK (mainly those in Europe) to note the VAT changes of the sale of goods to customers that will come into effect post the Brexit transition period. This article highlights the coming changes and details what non-resident businesses can do to prepare for these changes. From 1 January […]
Fine-tuning the UK-EU border control is one of the ways the UK Government is ramping up its preparations for the end of the transition period. The guide provides further details on how the GB-EU border will work and the actions that traders, hauliers and passengers need to take. With 80 days to go until the […]