Black Friday and Cyber Monday sales are boom times for ecommerce 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 […]
This week, HMRC extended its UK VAT rate cuts on hospitality and tourism to the 31 March 2021. Originally the VAT rate cut would be granted till 13 January 2021 but will now be extended by a further two months. The lowered VAT Rates have been in effect since 15 July 2020 and were slashed […]
Foreign businesses may be liable to provincial sales tax in Canada. However, because the legislation is changing quickly and it’s not at a national level, keeping track of how you’re meant to remain compliant is difficult. This article highlights the requirements for provincial sales tax registration in Canada. Background Provincial Canadian tax authorities have either […]
With Argentina’s recent update of non-resident companies that should be subject to VAT on their provided digital services, it’s important to note the ins and outs of digital services VAT in Argentina. Recent developments around Digital Services VAT in Argentina This week, Argentina’s VAT authority (AFIP) published its updated list of non-resident digital service providers […]
In light of their recent VAT rate cuts, the Irish tax authorities have released a guide to applying Ireland’s recent VAT changes. It includes the procedures for VAT registered traders in light of the recent changes to the VAT rates. Ireland announced a temporary VAT rate cut in July in a bid to stimulate the […]