Category: European VAT

Starting 1 January 2022, France is making Postponed VAT Accounting automatic and mandatory for all businesses VAT registered under the standard French VAT regime. This is good news for traders importing into France who should benefit from a significant cashflow relief.   What…

Shopify VAT: A Guide to Compliantly Selling Cross-Border If you’re selling online with Shopify, we’ve compiled the ultimate guide to keeping your Shopify store VAT compliant in 2022. Shopify today is one of the most popular ecommerce platforms. Back in 2004,…

Chain Transactions: How to treat them from a VAT Perspective ‘How should a business treat a chain transaction?’ is a common question we get asked at SimplyVAT.com. And it’s not surprising that businesses are often confused about the VAT treatment…

VAT For Events: Digital Or In-person Now that the world is finally starting to get back to normal after more than a year of Covid-19-induced change, many firms are beginning to organise in-person events, fairs, trade shows, and other gatherings….

Audits: Don’t let one ruin your year It’s one of the most dreaded letters any business person receives. It starts innocently enough, “Dear Taxpayer, while processing your return, we noticed a few issues which raised questions…” and then the dreaded…

VAT rates: Are you charging your customers correctly? Only a few days to go before the new ecommerce VAT rules should come into effect in the EU. Starting 1 July 2021, the general rule for ecommerce taxation is changing and all online businesses should make sure they are ready to apply the new…

EU VAT Changes 2021: Frequently Asked Questions  As the EU VAT reforms approach, we’ve been running our webinar Unpacking the EU VAT Changes to explain how international ecommerce businesses can prepare to comply from July. Having opened the floor for attendees to ask the questions they needed answered,…

The SME Brexit Support Fund has been created by HMRC to help businesses who import or export goods between the UK and the EU. You can use this to apply for and access practical support, including training and professional advice.   Businesses can receive up to £2,000 to help them adapt to the…

UK adopting the new EU VAT rules in respect of Northern Ireland  After months of unclarity over the UK position on the new VAT One Stop Shop, HMRC has finally confirmed that the UK will be implementing a VAT OSS scheme in relation to B2C distance sales of…

New ecommerce rules for imported goods  After being postponed once due to the global pandemic, the new EU VAT rules for ecommerce are coming in July. Not only will these affect the VAT treatment of goods already in free circulation in the EU, but the new set of VAT…