Category Archives: VAT

Am I paying too much VAT for my ecommerce business?

VAT for ecommerce

Value Added Tax (VAT) accounts for 17% of the £732 billion of tax revenue collected a year by HMRC. While you’re hyper diligent about not underpaying VAT for your ecommerce business and being hit with costly interest rates or penalty fees, you also don’t want to end up overpaying and losing out on money that’s…

Taking Advantage Of The New EU Vat Rules Coming On 1 July 2021

What are the changes on the 1st of July? If you sell items with a value of up to 150 euros (excluding the postage cost), you can register for the Import One Stop Shop (IOSS). You can choose which EU country to register for IOSS in. The key is that the total value of the…