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Quick-fire VAT and Ecommerce news from around the world to help you stay up-to-date with the market.   New thresholds for Italian Import VAT Violations  Italy has raised the threshold at which not paying Import VAT becomes a criminal offence…

Running a successful Ecommerce business in the UK and across Europe means more than having great products – it requires precise financial oversight and strict tax compliance. Shifting VAT regulations, complex logistics and multiple currencies mean solid accounting practices are…

The word Intrastat is a mash of ‘Intracommunity’ (a word used in the EU to describe things that happen between EU States) and ‘Statistic”. An Intrastat report is statistical data, showing the amount of goods you’ve moved between EU countries….

When January 1st, 2021 arrived, the United Kingdom (UK) had finally left the European Union (EU). As a result, the way we account for VAT between the UK and EU has changed.   The border between Northern Ireland and the…

There are three ways for your business to get a VAT refund in the European Union: On your VAT return, EU VAT Refund Scheme, and 13th Directive reclaims. Which you can use will depend on where your business is based…

Duty Deferment is the practice of delaying payment for some kinds of duties and taxes on goods imported into the UK. If you regularly import goods into the UK, you might find it a useful tool for managing your cash…

  The General Product Safety Regulation (GPSR) is a set of EU rules designed to make sure that consumer products being sold in the EU are safe. It covers nearly all products that aren’t food, regardless of the sales channel….

Is your VAT service provider failing you? Maybe they’re missing deadlines, ignoring your messages or worse, on the brink of bankruptcy. Late VAT returns and poor communication aren’t just frustrating. They have the potential to snowball into penalties, audits and…

It’s never been a better time for Canadian brands to start selling in Europe. The USA’s new tariffs are an obvious reason why you might want to look to Europe for new customers, but it’s far from the only one….

Chain transactions are complicated. Every aspect of them can change how they’re treated for VAT purposes.  It’s always worth talking to an expert about your VAT obligations, but when it comes to chain transactions, it’s pretty much a requirement.   In…